Weekly T-bills go at 0.845%, 0.975% high rates on May 1

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.845% high rate, up from 0.820% the prior week, and the six-months incurred a 0.975% high rate, up from 0.955% the week before.

Coupon equivalents were 0.859% and 0.993%, respectively.

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The US Treasury Department has appealed to the Sixth Circuit Court a pair of lawsuits with Ohio and Kentucky that have blocked the department from enforcing an ARPA provision that restricts the states from using the funds to offset tax cuts.

The price for the 91s was 99.786403 and that for the 182s was 99.507083.

The median bid on the 91s was 0.810%. The low bid was 0.785%.

Tenders at the high rate were allotted 24.96%. The bid-to-cover ratio was 3.03.

Tenders totaled $118,163,974,900 and the Treasury accepted $39,000,134,900 including $464,074,900 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.950%. The low bid was 0.930%.

Tenders at the high rate were allotted 47.30%. The bid-to-cover ratio was 3.25.

Tenders totaled $107,411,106,500 and the Treasury accepted $33,000,084,500, including $436,355,500 of non-competitive.

The Fed banks bought nothing for themselves.

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