Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Tuesday, as the three-months incurred a 1.445% high rate, up from 1.355% the prior week, and the six-months incurred a 1.530% high rate, up from 1.480% the week before.

Treasury building.
Treasury building.

Coupon equivalents were 1.470% and 1.563%, respectively. The price for the 91s was 99.634736 and that for the 182s was 99.226500.

The median bid on the 91s was 1.395%. The low bid was 1.330%.

Tenders at the high rate were allotted 26.22%. The bid-to-cover ratio was 2.71.

Tenders totaled $121,791,496,100 and the Treasury accepted $45,000,036,100 including $545,756,100 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.510%. The low bid was 1.490%.

Tenders at the high rate were allotted 20.38%. The bid-to-cover ratio was 3.61.

Tenders totaled $140,665,358,900 and the Treasury accepted $39,000,561,900, including $467,679,900 of non-competitive.

The Fed banks bought nothing for themselves.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.