Weekly T-bills go at 1.000%, 1.110% high rates on June 19

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.000% high rate, down from 1.010% the prior week, and the six-months incurred a 1.110% high rate, off from 1.120% the week before.

Coupon equivalents were 1.016% and 1.132%, respectively.

The price for the 91s was 99.747222 and that for the 182s was 99.438833.

The median bid on the 91s was 0.970%. The low bid was 0.930%.

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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.

Tenders at the high rate were allotted 50.23%. The bid-to-cover ratio was 3.10.

Tenders totaled $120,964,365,400 and the Treasury accepted $39,000,069,400 including $502,765,400 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.085%. The low bid was 1.060%.

Tenders at the high rate were allotted 44.87%. The bid-to-cover ratio was 3.35.

Tenders totaled $110,513,488,300 and the Treasury accepted $33,000,238,300, including $467,235,300 of non-competitive.

The Fed banks bought nothing for themselves.

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