Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.140% high rate, down from 0.145% the prior week, and the six-months incurred a 0.190% high rate, up from 0.185% the week before.

Coupon equivalents were 0.142% and 0.193%, respectively. The price for the 91s was 99.964611 and that for the 182s was 99.903944.

The median bid on the 91s was 0.130%. The low bid was 0.100%.

Tenders at the high rate were allotted 40.54%. The bid-to-cover ratio was 4.35.

Tenders totaled $126,145,090,200 and the Treasury accepted $29,000,593,200, including $1,109,146,200 of non-competitive.

The median bid for the 182s was 0.175%. The low bid was 0.150%.

Tenders at the high rate were allotted 16.78%. The bid-to-cover ratio was 4.41.

Tenders totaled $123,612,596,100 and the Treasury accepted $28,000,540,100, including $701,970,100 of non-competitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.