Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.185% high rate, down from 0.190% the week before, and the six-months incurred a 0.295% high rate, down from 0.305%.
Coupon equivalents were 0.188% and 0.300%, respectively. The price for the 91s was 99.953236 and that for the 182s was 99.850861.
The median bid on the 91s was 0.160%. The low bid was 0.100%. Tenders at the high rate were allotted 18.08%. The bid-to-cover ratio was 3.42. Tenders totaled $106,010,618,600 and the Treasury accepted $31,000,218,600, including $1,492,513,600 of noncompetitive.
The median bid for the 182s was 0.270%. The low bid was 0.240%. Tenders at the high rate were allotted 96.82%. The bid-to-cover ratio was 3.30. Tenders totaled $95,787,465,200 and the Treasury accepted $29,000,115,200, including $993,633,200 of noncompetitive.
