Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed yesterday, as the three-months incurred a 0.145% high rate, down from 0.155% the week before, and the six-months incurred a 0.240% high rate, unchanged from 0.240%.
Coupon equivalents were 0.147% and 0.244%, respectively. The price for the 91s was 99.963347 and that for the 182s was 99.878667.
The median bid on the 91s was 0.140%. The low bid was 0.100%. Tenders at the high rate were allotted 91.75%. The bid-to-cover ratio was 4.16.
Tenders totaled $116,569,355,500 and the Treasury accepted $28,000,648,000, including $1,115,615,000 of noncompetitive.
The median bid for the 182s was 0.230%. The low bid was 0.190%. Tenders at the high rate were allotted 41.89%. The bid-to-cover ratio was 3.90.
Tenders totaled $113,131,741,400 and the Treasury accepted $29,000,250,000, including $919,641,400 of noncompetitive.