Tender rates for the Treasury Department's latest 90-day and 181-day discount bills were higher on Monday, as the three-months incurred a 1.285% high rate, up from 1.240% the prior week, and the six-months incurred a 1.415% high rate, up from 1.360% the week before.
Coupon equivalents were 1.307% and 1.445%, respectively. The price for the 90s was 99.678750 and that for the 181s was 99.288569.
The median bid on the 90s was 1.265%. The low bid was 1.230%.
Tenders at the high rate were allotted 88.42%. The bid-to-cover ratio was 3.18.
Tenders totaled $133,732,867,900 and the Treasury accepted $42,000,417,900 including $599,934,900 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 181s was 1.390%. The low bid was 1.370%.
Tenders at the high rate were allotted 65.40%. The bid-to-cover ratio was 3.33.
Tenders totaled $120,005,426,000 and the Treasury accepted $36,000,163,000, including $471,304,000 of non-competitive.
The Fed banks bought nothing for themselves.
