WASHINGTON -- The Treasury yesterday sold $16.1 billion of one-year bills at an average discount rate of 3.47%, up from 3.43% in the previous auction on Nov. 16 and the highest since the 3.52% incurred in the auction of Jan. 7.
The coupon equivalent was 3.61%. The average price was 96.491.
The Treasury received $50.89 billion of tenders for the bills and accepted $16.1 billion, including $347 million offered noncompetitively from the public and $4.14 billion from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities, all at the average.