WASHINGTON -- The Treasury sold $ 23.64 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 3.05%, up from 2.97% in the previous auction on Oct. 26 and the highest since the average of 3.10% on Aug. 31, 1992. The six-months incurred a 3.27% rate, up from 3.22% and the highest since the average of 3.30% on Aug. 3, 1992.
Coupon equivalents were 3.12% for the three-months an 3.37% for the six-months.
Tenders for the 91s totaled $32.23 billion, and the Treasury accepted $11.81 billion, including $1.47 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $28.71 billion of these bills and received $10.47 billion.
Tenders for the 182s totaled $31.56 billion, and the Treasury accepted $11.83 billion, including $967 million of noncompetitive bids accepted at the average. The New York Fed applied for $ 28.58 billion of these bills and received $10.69 billion.
