Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.180% high rate, down from 0.190% the prior week, and the six-months incurred a 0.270% high rate, down from 0.285%.

Coupon equivalents were 0.183% and 0.274%, respectively. The price for the 91s was 99.954500 and that for the 182s was 99.863500.

The median bid on the 91s was 0.160%. The low bid was 0.100%. Tenders at the high rate were allotted 60.24%. The bid-to-cover ratio was 3.69. Tenders totaled $118,035,215,600 and the Treasury accepted $32,000,903,100, including $1,306,301,600 of noncompetitive.

The median bid for the 182s was 0.250%. The low bid was 0.205%.

Tenders at the high rate were allotted 89.45%. The bid-to-cover ratio was 3.08. Tenders totaled $92,255,863,800, and the Treasury accepted $30,000,033,300, including $1,005,863,800 of noncompetitive.

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