Weekly T-bills Sell at High Yields of 1.035%, 1.140%
Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three months incurred a 1.035% high rate, up from 1.020% the prior week, and the sixmonths incurred a 1.140% high rate, up from 1.115% the week before.
Coupon equivalents were 1.052% and 1.163%, respectively.
The price for the 91s was 99.738375 and that for the 182s was 99.423667.
The median bid on the 91s was 1.015%. The low bid was 0.985%.
Tenders at the high rate were allotted 8.18%. The bid-to-cover ratio was 3.03.
Tenders totaled $118,320,945,800 and the Treasury accepted $39,000,560,800 including $539,865,800 of non-competitive.
The median bid for the 182s was 1.125%. The low bid was 1.100%.
Tenders at the high rate were allotted 46.77%. The bid-to-cover ratio was 3.12.
Tenders totaled $102,980,163,400 and the Treasury accepted $33,000,394,900, including $419,850,400 of non-competitive.
The Fed banks bought nothing for themselves.