Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.130% high rate, down from 0.160%, and the six-months incurred a 0.210% high rate, down from 0.220% the previous week.
Coupon equivalents were 0.132% and 0.213%, respectively. The price for the 91s was 99.967139 and that for the 182s was 99.893833.
The median bid on the 91s was 0.115%. The low bid was 0.080%. Tenders at the high rate were allotted 32.05%. The bid-to-cover ratio was 4.80.
Tenders totaled $129,521,007,900 and the Treasury accepted $27,000,286,400, including $1,174,099,900 of noncompetitive.
The median bid for the 182s was 0.190%. The low bid was 0.165%. Tenders at the high rate were allotted 30.61%. The bid-to-cover ratio was 4.53. Tenders totaled $122,242,446,300 and the Treasury accepted $27,000,490,500, including $902,446,300 of noncompetitive.