Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Tuesday, as the three-months incurred a 1.085% high rate, up from 1.050% the prior week, and the six-months incurred a 1.220% high rate, up from 1.190% the week before.
Coupon equivalents were 1.103% and 1.245%, respectively. The price for the 91s was 99.725736 and that for the 182s was 99.383222.
The median bid on the 91s was 1.060%. The low bid was 1.020%.
Tenders at the high rate were allotted 31.32%. The bid-to-cover ratio was 2.90.
Tenders totaled $121,892,716,100 and the Treasury accepted $42,000,316,100 including $586,859,100 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 182s was 1.205%. The low bid was 1.180%.
Tenders at the high rate were allotted 84.28%. The bid-to-cover ratio was 3.01.
Tenders totaled $108,535,080,000 and the Treasury accepted $36,000,360,000, including $458,080,000 of non-competitive.
The Fed banks bought nothing for themselves.
