Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed on Monday, as the three-months incurred a 1.050% high rate, unchanged from 1.050% the prior week, and the six-months incurred a 1.190% high rate, up from 1.170% the week before.

Coupon equivalents were 1.067% and 1.214%, respectively. The price for the 91s was 99.734583 and that for the 182s was 99.398389.

The median bid on the 91s was 1.020%. The low bid was 0.985%.

Treasury building.
Treasury building.

Tenders at the high rate were allotted 31.57%. The bid-to-cover ratio was 2.89.

Tenders totaled $121,493,296,800 and the Treasury accepted $42,000,056,800 including $525,026,400 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.165%. The low bid was 1.130%.

Tenders at the high rate were allotted 71.80%. The bid-to-cover ratio was 3.03.

Tenders totaled $108,934,596,400 and the Treasury accepted $36,000,286,400, including $458,724,400 of non-competitive.

The Fed banks bought nothing for themselves.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.