WASHINGTON -- The Treasury sold $25.33 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 4.15%, down from 4.23% in the previous auction May 31 and the lowest since 4.00% on May 2. The six-months incurred a 4.53% rate, down from 4.67% last week and the lowest since 4.41% on May 2.
Coupon equivalents were 4.25% for the three-months and 4.70% for the six-months.
Tenders for the 91s totaled $49.77 billion, and the Treasury accepted $12.68 billion, including $1.36 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $50.62 billion, and the Treasury accepted $12.65 billion, including $1.16 billion of noncompetitive bids accepted at the average.
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