Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday, as the three-months incurred a 1.105% high rate, up from 1.090% the prior week, and the six-months incurred a 1.245% high rate, up from 1.240% the week before.

Coupon equivalents were 1.123% and 1.270%, respectively. The price for the 91s was 99.720681 and that for the 182s was 99.370583.

The median bid on the 91s was 1.085%. The low bid was 1.040%.

Treasury building.
Treasury building.

Tenders at the high rate were allotted 57.71%. The bid-to-cover ratio was 3.20.

Tenders totaled $134,345,850,900 and the Treasury accepted $42,000,076,800 including $563,800,900 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.230%. The low bid was 1.200%.

Tenders at the high rate were allotted 51.38%. The bid-to-cover ratio was 3.21.

Tenders totaled $115,607,926,000 and the Treasury accepted $36,000,038,000, including $468,276,000 of non-competitive.

The Fed banks bought nothing for themselves.

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