Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.900% high rate, down from 1.250% the prior week, and the six-months incurred a 1.400% high rate, down from 1.800%.
Coupon equivalents were 0.915% and 1.430%, respectively. The price for the 91s was 99.772500 and that for the 182s was 99.292222. The median bid on the 91s was 0.850%. The low bid was 0.100%.
The median bid for the 182s was 1.350%. The low bid was 1.250%. Tenders at the high rate were allotted 5.51%. The bid-to-cover ratio was 3.28.