WASHINGTON - The Treasury sold $21.26 billion of 91 -day and 182-day bills at lower rates yesterday, as the three-months incurred an average rate of 2.89%, down from 2.91 % in the previous auction on Sept. 8 and was the lowest since the average of 2.88% on April 22, 1963. The six-months incurred a 2.90% rate, down from 2.95% and was the lowest since the average of 2.86% on Dec. 10, 1962.
Coupon equivalents were 2.95% for the three-months and 2.98% for the six-months.
Tenders for the 91s totaled $36.81 billion, and the Treasury accepted $10.64 billion, including $1.12 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $32.84 billion of these bills and received $9.34 billion.
Tenders for the 182s totaled $38.74 billion, and the Treasury accepted $10.62 billion, including $738 million of noncompetitive bids accepted at the average. The New York Fed applied for $32.84 billion of these bills and received $9.34 billion.
