Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.040% high rate, down from 1.045% the prior week, and the six-months incurred a 1.125% high rate, off from 1.130% the week before.

Coupon equivalents were 1.057% and 1.147%, respectively.

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The price for the 91s was 99.737111 and that for the 182s was 99.431250.

The median bid on the 91s was 1.020%. The low bid was 0.995%.

Tenders at the high rate were allotted 26.46%. The bid-to-cover ratio was 2.87.

Tenders totaled $111,793,368,900 and the Treasury accepted $39,000,110,900 including $535,856,900 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.100%. The low bid was 0.180%.

Tenders at the high rate were allotted 6.93%. The bid-to-cover ratio was 3.20.

Tenders totaled $105,461,475,000 and the Treasury accepted $33,000,075,800, including $457,356,800 of non-competitive.

The Fed banks bought nothing for themselves.

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