Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.165% high rate, up from 0.160% the prior week, and the six-months incurred a 0.205% high rate, down from 0.215%.
Coupon equivalents were 0.167% and 0.208%, respectively. The price for the 91s was 99.958292 and that for the 182s was 99.896361. The median bid on the 91s was 0.150%. The low bid was 0.120%.Tenders at the high rate were allotted 51.92%.
The bid-to-cover ratio was 4.23. Tenders totaled $126,988,452,300 and the Treasury accepted $30,000,603,900, including $1,203,666,300 of noncompetitive. The Federal Reserve banks bought nothing for themselves.
The median bid for the 182s was 0.190%. The low bid was 0.160%. Tenders at the high rate were allotted 73.41%. The bid-to-cover ratio was 4.15.
Tenders totaled $124,508,267,100. The Treasury accepted $30,000,059,100, including $880,167,100 of noncompetitive.