Weekly T-bills yields mixed in Jan. 2 auction

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.

The U.S Treasury building
An aerial view of Washington, D.C., focusing on the U.S. Treasury Building.
Carol M. Highsmith: Photographer

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.

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