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.

Fotolia

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.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.