Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.135% high rate, down from 0.180% the prior week, and the six-months incurred a 0.330% high rate, down from 0.370%.

Coupon equivalents were 0.137% and 0.335%, respectively. The price for the 91s was 99.965875 and that for the 182s was 99.833167.

The median bid on the 91s was 0.110%. The low bid was 0.050%. Tenders at the high rate were allotted 59.26%. The bid-to-cover ratio was 3.12. Tenders totaled $87,249,479,600 and the Treasury accepted $28,000,119,600, including $1,535,562,600 of noncompetitive.

The median bid for the 182s was 0.300%. The low bid was 0.200%. Tenders at the high rate were allotted 68.54%. The bid-to-cover ratio was 3.11. Tenders totaled $84,099,119,900 and the Treasury accepted $27,000,383,900, including $1,079,949,900 of noncompetitive.

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