Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed on Tuesday, as the three-months incurred a 1.435% high rate, down from 1.445% the prior week, and the six-months incurred a 1.575% high rate, up from 1.530% the week before.
Coupon equivalents were 1.460% and 1.610%, respectively. The price for the 91s was 99.637264 and that for the 182s was 99.203750.
Treasury building.
The median bid on the 91s was 1.425%. The low bid was 1.390%.
Tenders at the high rate were allotted 67.86%. The bid-to-cover ratio was 3.08.
Tenders totaled $147,651,527,300 and the Treasury accepted $48,001,502,300 including $555,803,200 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 182s was 1.540%. The low bid was 1.500%.
Tenders at the high rate were allotted 33.60%. The bid-to-cover ratio was 3.05.
Tenders totaled $128,240,869,900 and the Treasury accepted $42,000,469,900, including $520,950,900 of non-competitive.
The Fed banks bought nothing for themselves.
