Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 1.010% high rate, up from 0.990% the prior week, and the six-months incurred a 1.120% high rate, up from 1.100% the week before.

Coupon equivalents were 1.027% and 1.142%, respectively.

Bloomberg News

The price for the 91s was 99.744694 and that for the 182s was 99.433778.

The median bid on the 91s was 0.990%. The low bid was 0.950%.

Tenders at the high rate were allotted 82.99%. The bid-to-cover ratio was 3.18.

Tenders totaled $123,915,925,300 and the Treasury accepted $39,000,375,300 including $594,712,800 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.090%. The low bid was 1.070%.

Tenders at the high rate were allotted 13.70%. The bid-to-cover ratio was 3.35.

Tenders totaled $110,511,195,600 and the Treasury accepted $33,000,070,600, including $490,195,600 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.