Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.180% high rate, down from 0.200% the previous week, and the six-months incurred a 0.370% high rate, down from 0.400% .
Coupon equivalents were 0.183% and 0.376%, respectively.
The price for the 91s was 99.954500 and that for the 182s was 99.812944.
The median bid on the 91s was 0.150%. The low bid was 0.120%.
Tenders at the high rate were allotted 30.27%. The bid-to-cover ratio was 3.39. Tenders totaled $94,987,624,400 and the Treasury accepted $28,000,465,900, including $1,321,703,400 of noncompetitive.
Federal Reserve banks bought nothing for themselves.
The median bid for the 182s was 0.330%. The low bid was 0.300%.
Tenders at the high rate were allotted 62.71%. The bid-to-cover ratio was 3.73.
Tenders totaled $100,765,193,800 and the Treasury accepted $27,000,468,800, including $1,190,918,800 of noncompetitive.