Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.155% high rate, down from 0.165% the week before, and the six-months incurred a 0.230% high rate, down from 0.245%.

Coupon equivalents were 0.157% and 0.233%, respectively. The price for the 91s was 99.960819 and that for the 182s was 99.883083. The median bid on the 91s was 0.140%. The low bid was 0.100%. Tenders at the high rate were allotted 74.21%.

The bid-to-cover ratio was 4.44. Tenders totaled $115,493,593,600 and the Treasury accepted $26,000,120,200, including $1,263,393,600 of noncompetitive. The median bid for the 182s was 0.220%. The low bid was 0.160%. Tenders at the high rate were allotted 76.31%. The bid-to-cover ratio was 4.35. Tenders totaled $113,161,498,700 and the Treasury accepted $26,000,155,100, including $905,598,700 of noncompetitive.

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