Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.180% high rate, down from 0.190% the prior week, and the six-months incurred a 0.275% high rate, unchanged from 0.275% the week before.
Coupon equivalents were 0.183% and 0.279%, respectively. The price for the 91s was 99.954500 and that for the 182s was 99.860972. The median bid on the 91s was 0.150%. The low bid was 0.100%. Tenders at the high rate were allotted 50.05%. The bid-to-cover ratio was 3.87. Tenders totaled $120,009,503,400 and the Treasury accepted $31,000,290,900 including $1,404,362,400 of non-competitive.
The median bid for the 182s was 0.240%. The low bid was 0.215%. Tenders at the high rate were allotted 22.40%. The bid-to-cover ratio was 3.28. Tenders totaled $101,689,963,500 and the Treasury accepted $31,000,283,500, including $1,097,363,500 of non-competitive.