Weekly T-Bills Go At 2.250%, 2.080% High

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed yesterday compared to last week, as the three-months incurred a 2.250% high rate, up from 2.230%, and the six-months incurred a 2.080% high rate, down from 2.160%.

Coupon equivalents were 2.301% and 2.137%, respectively. The price for the 91s was 99.431250 and that for the 182s was 98.948444.

The median bid on the 91s was 2.220%. The low bid was 2.190%. The bid-to-cover ratio was 2.94.

Tenders at the high rate were allotted 99.97%. Tenders totaled $70,450,930,000 and the Treasury accepted $24,000,133,000, including $1,773,570,000 of noncompetitive. Federal Reserve banks bought $5,356,958,000 for themselves.

The median bid for the 182s was 2.040%. The low bid was 1.990%. The bid-to-cover ratio was 3.01.

Tenders at the high rate were allotted 34.54%. Tenders totaled $66,172,892,000 and the Treasury accepted $22,000,261,000, including $1,427,892,000 of noncompetitive. Fed banks bought $6,567,971,000 for themselves.

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