Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 1.520% high rate, down from 1.610% the prior week, and the six-months incurred a 1.920% high rate, down from 1.955%.
Coupon equivalents were 1.547% and 1.966%, respectively. The price for the 91s was 99.615778 and that for the 182s was 99.029333.
The median bid on the 91s was 1.500%. The low bid was 1.000%. Tenders at the high rate were allotted 32.96%. The bid-to-cover ratio was 2.59. Tenders totaled $62,178,050,800 and the Treasury accepted $24,000,095,800, including $2,400,838,800 of noncompetitive.
The median bid for the 182s was 1.900%. The low bid was 1.840%. Tenders at the high rate were allotted 0.60%. The bid-to-cover ratio was 2.58. Tenders totaled $59,400,546,800 and the Treasury accepted $23,000,096,800, including $2,015,531,800 of noncompetitive.