Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 1.855% high rate, up from 1.800% the previous week, and the six-months incurred a 1.885% high rate, up from 1.850%.
Coupon equivalents were 1.890% and 1.930%, respectively.
The price for the 91s was 99.531097 and that for the 182s was 99.047028.
The median bid on the 91s was 1.820%. The low bid was 1.800%. Tenders at the high rate were allotted 86.19%. The bid-to-cover ratio was 3.01.
The median bid for the 182s was 1.850%. The low bid was 1.820%. Tenders at the high rate were allotted 65.09%. The bid-to-cover ratio was 2.88.