Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.190% high rate, up from 0.150% the prior week, and the six-months incurred a 0.345% high rate, up from 0.290%.
Coupon equivalents were 0.193% and 0.350%, respectively. The price for the 91s was 99.951972 and that for the 182s was 99.825583. The median bid on the 91s was 0.170%. The low bid was 0.150%. Tenders at the high rate were allotted 52.74%. The bid-to-cover ratio was 3.10. Tenders totaled $96,016,244,400 and the Treasury accepted $31,000,184,000, including $1,289,910,400 of noncompetitive.
The median bid for the 182s was 0.320%. The low bid was 0.245%. Tenders at the high rate were allotted 59.28%. The bid-to-cover ratio was 3.20. Tenders totaled $99,345,260,400 and the Treasury accepted $31,000,196,400, including $1,008,663,400 of noncompetitive.