Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.820% high rate, down from 0.825% the prior week, and the six-months incurred a 0.945% high rate, down from 0.950% the week before.

Coupon equivalents were 0.833% and 0.963%, respectively.

The price for the 91s was 99.792722 and that for the 182s was 99.522250.

The median bid on the 91s was 0.800%. The low bid was 0.770%.

Tenders at the high rate were allotted 50.61%. The bid-to-cover ratio was 3.11.

Tenders totaled $121,346,659,900 and the Treasury accepted $39,000,178,300 including $469,074,900 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.910%. The low bid was 0.880%.

Tenders at the high rate were allotted 76.72%. The bid-to-cover ratio was 3.14.

Tenders totaled $103,576,023,700 and the Treasury accepted $33,000,103,700, including $398,067,700 of non-competitive.

The Fed banks bought nothing for themselves.

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