Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 1.035% high rate, up from 1.020% the prior week, and the six-months incurred a 1.140% high rate, up from 1.115% the week before.

Coupon equivalents were 1.052% and 1.163%, respectively.

The price for the 91s was 99.738375 and that for the 182s was 99.423667.

Bloomberg News

The median bid on the 91s was 1.015%. The low bid was 0.985%.

Tenders at the high rate were allotted 8.18%. The bid-to-cover ratio was 3.03.

Tenders totaled $118,320,945,800 and the Treasury accepted $39,000,560,800 including $539,865,800 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.125%. The low bid was 1.100%.

Tenders at the high rate were allotted 46.77%. The bid-to-cover ratio was 3.12.

Tenders totaled $102,980,163,400 and the Treasury accepted $33,000,394,900, including $419,850,400 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.