Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 1.050% high rate, up from 1.040% the prior week, and the six-months incurred a 1.105% high rate, off from 1.125% the week before.

Coupon equivalents were 1.067% and 1.127%, respectively.

The price for the 91s was 99.734583 and that for the 182s was 99.441361.

Bloomberg News

The median bid on the 91s was 1.020%. The low bid was 1.00%.

Tenders at the high rate were allotted 40.68%. The bid-to-cover ratio was 2.94.

Tenders totaled $114,600,623,700 and the Treasury accepted $39,000,403,700 including $542,024,700 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.100%. The low bid was 0.185%.

Tenders at the high rate were allotted 16.42%. The bid-to-cover ratio was 3.54.

Tenders totaled $116,834,710,100 and the Treasury accepted $33,000,445,100, including $558,010,100 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.