Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.150% high rate, up from 0.050% the prior week, and the six-months incurred a 0.320% high rate, up from 0.250%.
Coupon equivalents were 0.152% and 0.325%, respectively. The price for the 91s was 99.962083 and that for the 182s was 99.838222.
The median bid on the 91s was 0.090%. The low bid was 0.000%. Tenders at the high rate were allotted 25.88%. The bid-to-cover ratio was 3.11. Tenders totaled $80,865,266,100 and the Treasury accepted $26,000,012,100, including $1,464,251,100 of noncompetitive.
The median bid for the 182s was 0.280%. The low bid was 0.050%. Tenders at the high rate were allotted 76.14%. The bid-to-cover ratio was 3.26. Tenders totaled $88,119,496,900 and the Treasury accepted $27,000,032,900, including $1,023,720,200 of noncompetitive.