Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday, as the three-months incurred a 1.355% high rate, up from 1.320% the prior week, and the six-months incurred a 1.480% high rate, up from 1.460% the week before.

Coupon equivalents were 1.379% and 1.512%, respectively. The price for the 91s was 99.657486 and that for the 182s was 99.251778.

Treasury building.
Treasury building.

The median bid on the 91s was 1.330%. The low bid was 1.290%.

Tenders at the high rate were allotted 63.19%. The bid-to-cover ratio was 2.79.

Tenders totaled $125,600,854,700 and the Treasury accepted $45,000,084,700 including $681,542,700 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.465%. The low bid was 1.430%.

Tenders at the high rate were allotted 69.19%. The bid-to-cover ratio was 3.09.

Tenders totaled $120,389,216,500 and the Treasury accepted $39,000,071,500, including $546,057,500 of non-competitive.

The Fed banks bought nothing for themselves.

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