Weekly T-bills go at 0.920%, 1.050% high rates on May 22

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.920% high rate, up from 0.905% the prior week, and the six-months incurred a 1.050% high rate, up from 1.020% the week before.

Coupon equivalents were 0.935% and 1.070%, respectively.

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The National League of Cities wants Congress to re-fund a Treasury Department office that was set up to support local governments with their stimulus funds spending. Bloomberg News
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The price for the 91s was 99.767444 and that for the 182s was 99.466250.

The median bid on the 91s was 0.900%. The low bid was 0.885%.

Tenders at the high rate were allotted 56.90%. The bid-to-cover ratio was 3.23.

Tenders totaled $125,939,635,100 and the Treasury accepted $39,000,285,100 including $484,503,800 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 1.020%. The low bid was 0.990%.

Tenders at the high rate were allotted 22.35%. The bid-to-cover ratio was 3.06.

Tenders totaled $100,869,996,500 and the Treasury accepted $33,000,196,500, including $387,656,500 of non-competitive.

The Fed banks bought nothing for themselves.

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