Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.190% high rate, down from 0.195% the prior week, and the six-months incurred a 0.305% high rate, down from 0.330%.

Coupon equivalents were 0.193% and 0.310%, respectively. The price for the 91s was 99.951972 and that for the 182s was 99.845806.

The median bid on the 91s was 0.150%. The low bid was 0.050%. Tenders at the high rate were allotted 8.19%. The bid-to-cover ratio was 3.44. Tenders totaled $106,619,066,400 and the Treasury accepted $31,000,260,100, including $1,408,951,400 of noncompetitive.

The median bid for the 182s was 0.270%. The low bid was 0.200%. Tenders at the high rate were allotted 28.29%. The bid-to-cover ratio was 3.16.

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