Weekly T-Bills Go at 0.340%, 0.475% High Rates

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.340% high rate, unchanged from 0.340% the prior week, and the six-months incurred a 0.475% high rate, up from 0.470% the week before.

Coupon equivalents were 0.345% and 0.483%, respectively.

The price for the 91s was 99.914056 and that for the 182s was 99.759861.

The median bid on the 91s was 0.320%. The low bid was 0.270%.

Tenders at the high rate were allotted 61.86%. The bid-to-cover ratio was 3.48.

Tenders totaled $146,229,975,200 and the Treasury accepted $42,000,485,200 including $363,975,200 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.460%. The low bid was 0.430%.

Tenders at the high rate were allotted 93.28%. The bid-to-cover ratio was 3.50.

Tenders totaled $126,101,081,900 and the Treasury accepted $36,000,025,900, including $328,531,900 of non-competitive.

The Fed banks bought nothing for themselves.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER