Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 2.160% high rate, down from 2.250% the prior week, and the six-months incurred a 2.070% high rate, down from 2.080%.
Coupon equivalents were 2.208% and 2.127%, respectively. The price for the 91s was 99.454000 and that for the 182s was 98.953500.
The median bid on the 91s was 2.140%. The low bid was 2.100%. The bid-to-cover ratio was 2.90. Tenders at the high rate were allotted 73.58%.
The median bid for the 182s was 2.030%. The low bid was 1.980%. The bid-to-cover ratio was 3.23. Tenders at the high rate were allotted 49.25%.