Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 3.180% high rate, down from 3.310% the prior week, and the six-months incurred a 3.170% high rate, down from 3.390%.

Coupon equivalents were 3.259% and 3.275%, respectively. The price for the 91s was 99.196167 and that for the 182s was 98.397389.

The median bid on the 91s was 3.150%. The low bid was 3.095%. The bid-to-cover ratio was 2.68. Tenders at the high rate were allotted 30.78%. Tenders totaled $50,997,557,000 and the Treasury accepted $19,000,129,000, including $1,640,003,000 of noncompetitive. Federal Reserve banks bought $5,307,789,000 for themselves.

The median bid for the 182s was 3.140%. The low bid was 3.075%. The bid-to-cover ratio was 2.72. Tenders at the high rate were allotted 21.86%. Tenders totaled $48,984,086,000 and the Treasury accepted $18,000,101,000, including $1,573,586,000 of noncompetitive. Fed banks bought $6,093,784,000 for themselves.

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