Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.120% high rate, down from 0.150% the prior week, and the six-months incurred a 0.290% high rate, down from 0.320%.

Coupon equivalents were 0.122% and 0.294%. The prices were 99.969667 for the 91s and 99.853389 for the 182s.

The median bid on the 91s was 0.070%. The low bid was zero. Tenders at the high rate were allotted 98.84%. The bid-to-cover ratio was 3.19. Tenders totaled $83,047,296,900 and the Treasury accepted $26,000,176,900 including $1,461,365,900 of noncompetitive. The median bid for the 182s was 0.250%. The low bid was 0.050%. Tenders at the high rate were allotted 11.45%. The bid-to-cover ratio was 3.20. Tenders totaled $86,274,387,000 and the Treasury accepted $27,000,169,500, including $1,090,387,200 of noncompetitive.

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