Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 1.320% high rate, up from 1.600% the prior week, and the six-months incurred a 1.680% high rate, up from 1.380%.
Coupon equivalents were 1.343% and 1.718%, respectively.
The price for the 91s was 99.666333 and that for the 182s was 99.150670.
The median bid on the 91s was 1.250%. The low bid was 1.200%.
Tenders at the high rate were allotted 19.22%. The bid-to-cover ratio was 2.67.
Tenders totaled $51,838,000,600 and the Treasury accepted $18,419,000,600, including $1,561,000,600 of noncompetitive.
Federal Reserve banks bought $1,381,000,700 for themselves.
The median bid for the 182s was 1.590%. The low bid was 1.540%.
Tenders at the high rate were allotted 8.24%. The bid-to-cover ratio was 1.98.
Tenders totaled $38,073,000,200 and the Treasury accepted $18,538,000,200, including $1,207,000,200 of noncompetitive.
Fed banks bought $2,053,000,000 for themselves.
