WASHINGTON - The Treasury sold $24.89 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 4.31%, down from 4.50% in the previous auction on July 11. The six-months incurred a 4.71% rate, down from 4.94%.
Coupon equivalents were 4.42% for the three-months and 4.89% for the six-months.
Tenders for the 91s totaled $49.7 billion, and the Treasury accepted $12.45 billion, including $1.42 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $ 55.2 billion, and the Treasury accepted $12.44 billion, including $1.38 billion of noncompetitive bids accepted at the average.
