Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.500% high rate, up from 0.460% the prior week, and the six-months incurred a 1.100% high rate, unchanged from the week before.
Coupon equivalents were 0.508% and 1.122%, respectively.
The price for the 91s was 99.873611 and that for the 182s was 99.443889.
The median bid on the 91s was 0.425%. The low bid was 0.100%.
Tenders at the high rate were allotted 48.20%. The bid-to-cover ratio was 3.32.
Tenders totaled $80,741,880,000 and the Treasury accepted $22,748,200,000 including $2,052,090,500 of non-competitive.
The median bid for the 182s was 0.960%. The low bid was 0.500%.
Tenders at the high rate were allotted 52.79%. The bid-to-cover ratio was 2.55.
Tenders totaled $67,004,000,000 and the Treasury accepted $25,229,524,500, including $1,377,050,900 of non-competitive.