Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 2.335% high rate, down from 2.370% the week before, and the six-months incurred a 2.310% high rate, down from 2.400%.

Coupon equivalents were 2.388% and 2.376%, respectively. The price for the 91s was 99.409764 and that for the 182s was 98.832167.

The median bid on the 91s was 2.290%. The low bid was 2.260%. The bid-to-cover ratio was 2.38. Tenders at the high rate were allotted 82.99%. Tenders totaled $54,697,953,000 and the Treasury accepted $23,000,016,000, including $1,585,388,000 of noncompetitive. Federal Reserve banks bought $1,391,485,000 for themselves.

The median bid for the 182s was 2.290%. The low bid was 2.250%. The bid-to-cover ratio was 2.82. Tenders at the high rate were allotted 24.23%. Tenders totaled $59,258,788,000 and the Treasury accepted $21,000,031,000, including $1,397,488,000 of noncompetitive. Fed banks bought $6,300,203,000 for themselves.


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