Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 3.030% high rate, a decrease from 3.175% last week, and the six-months incurred a 3.190% high rate, a down from 3.340%. Coupon equivalents were 3.104% and 3.296%, respectively. The price for the 91s was 99.234083 and that for the 182s was 98.387278. The median bid on the 91s was 3.020%. The low bid was 3.000%. The bid-to-cover ratio was 2.80. Tenders at the high rate were allotted 80.47%. Tenders totaled $58,737,463,000 and the Treasury accepted $21,000,306,000. The median bid for the 182s was 3.150%. The low bid was 2.990%. The bid-to-cover ratio was 2.69. Tenders at the high rate were allotted 8.61%. Tenders totaled $53,892,082,000 and the Treasury accepted $20,000,112,000.
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