Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 1.100% high rate, down from 1.420% the week before, and the six-months incurred a 1.310% high rate, down from 1.450%.

Coupon equivalents were 1.118% and 1.337%. The 91s’ price was 99.721944 and the 182s’ 99.337722.

The median bid on the 91s was 0.860%. The low bid was 0.500%. The bid-to-cover ratio was 2.49.

The median bid for the 182s was 1.220%. The low bid was 1.100%. The bid-to-cover ratio was 2.53.

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