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 1.240% high rate, up from 1.185% the prior week, and the six-months incurred a 1.360% high rate, up from 1.300% the week before.

Coupon equivalents were 1.261% and 1.388%, respectively. The price for the 91s was 99.686556 and that for the 182s was 99.312444.

Treasury building.
Treasury building.

The median bid on the 91s was 1.210%. The low bid was 1.185%.

Tenders at the high rate were allotted 39.17%. The bid-to-cover ratio was 3.11.

Tenders totaled $130,618,187,700 and the Treasury accepted $42,000,346,200 including $617,837,700 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.340%. The low bid was 1.330%.

Tenders at the high rate were allotted 48.66%. The bid-to-cover ratio was 3.30.

Tenders totaled $118,653,475,200 and the Treasury accepted $36,000,021,800, including $476,040,200 of non-competitive.

The Fed banks bought nothing for themselves.

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