Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 1.000% high rate, down from 1.015% the prior week, and the six-months incurred a 1.115% high rate, unchanged from 1.115% the week before.

Coupon equivalents were 1.016% and 1.137%, respectively.

The price for the 91s was 99.744444 and that for the 182s was 99.436306.

The median bid on the 91s was 0.985%. The low bid was 0.950%.

Treasury building.
Treasury building.

Tenders at the high rate were allotted 71.49%. The bid-to-cover ratio was 3.11.

Tenders totaled $121,418,096,600 and the Treasury accepted $39,000,606,600 including $535,255,300 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.085%. The low bid was 1.065%.

Tenders at the high rate were allotted 48.40%. The bid-to-cover ratio was 3.02.

Tenders totaled $99,497,237,600 and the Treasury accepted $33,000,037,600, including $412,359,200 of non-competitive.

The Fed banks bought nothing for themselves.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.