Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.195% high rate, up from 0.160% the prior week, and the six-months incurred a 0.335% high rate, up from 0.290%.
Coupon equivalents were 0.198% and 0.340%, respectively. The price for the 91s was 99.950708 and that for the 182s was 99.830639.
The median bid on the 91s was 0.170%. The low bid was 0.125%. Tenders at the high rate were allotted 35.71%. The bid-to-cover ratio was 2.79. Tenders totaled $86,446,862,000 and the Treasury accepted $31,000,049,500, including $1,290,492,000 of noncompetitive.
The median bid for the 182s was 0.305%. The low bid was 0.270%. Tenders at the high rate were allotted 47.96%. The bid-to-cover ratio was 2.72.
Tenders totaled $81,712,587,300 and the Treasury accepted $30,000,155,300, including $901,547,300 of noncompetitive.