Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 2.230% high rate, down from 2.335% the prior week, and the six-months incurred a 2.160% high rate, down from 2.310% the week before.

 

Coupon equivalents were 2.280% and 2.220%, respectively.

 

The price for the 91s was 99.436306 and that for the 182s was 98.908000.

 

The median bid on the 91s was 2.150%. The low bid was 2.080%. The bid-to-cover ratio was 2.59.

 

Tenders at the high rate were allotted 58.49%.

 

Tenders totaled $59,499,482,000 and the Treasury accepted $23,000,045,000, including $1,674,472,000 of noncompetitive.

 

Federal Reserve banks bought $6,082,274,000 for themselves.

 

The median bid for the 182s was 2.120%. The low bid was 2.080%. The bid-to-cover ratio was 3.05. Tenders at the high rate were allotted 73.62%.

 

Tenders totaled $64,119,093,000 and the Treasury accepted $21,000,238,000, including $1,459,693,000 of noncompetitive.

 

Fed banks bought $6,731,056,000 for themselves.

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