Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.850% high rate, down from 1.870% the prior week, and the six-months incurred a 1.980% high rate, down from 2.020% the week before.

Coupon equivalents were 1.885% and 2.028%, respectively.

The price for the 91s was 99.532361 and that for the 182s was 98.999000.

The median bid on the 91s was 1.810%. The low bid was 1.750%.

Tenders at the high rate were allotted 44.40%. The bid-to-cover ratio was 2.69.

Tenders totaled $73,596,313,100 and the Treasury accepted $26,000,186,100, including $1,747,703,100 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.930%. The low bid was 1.850%.

Tenders at the high rate were allotted 54.46%. The bid-to-cover ratio was 2.57.

Tenders totaled $67,739,289,100 and the Treasury accepted $25,000,216,600, including $1,559,640,100 of non-competitive.

The Fed banks bought nothing for themselves.

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