Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 1.850% high rate, down from 1.820% the prior week, and the six-months incurred a 2.050% high rate, up from 1.950%.
Coupon equivalents were 1.885% and 1.997%, respectively.
The price for the 91s was 99.532361 and that for the 182s was 98.963611.
The median bid on the 91s was 1.800%. The low bid was 1.750%.
Tenders at the high rate were allotted 41.41%. The bid-to-cover ratio was 2.66.
Tenders totaled $61,926,712,600 and the Treasury accepted $22,121,312,600, including $1,659,562,600 of noncompetitive.
Federal Reserve banks bought nothing for themselves.
The median bid for the 182s was 2.010%. The low bid was 1.940%.
Tenders at the high rate were allotted 98.75%. The bid-to-cover ratio was 2.46.
Tenders totaled $57,559,761,500 and the Treasury accepted $22,576,196,500, including $1,223,761,500 of non-competitive.
The Fed banks bought nothing for themselves.
