WASHINGTON -- The Treasury sold $26.07 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 5.56%, down from the 5.59% average incurred in the previous auction on Dec. 19. The six-months incurred a 6.24% rate, down from 6.30% in the previous auction.

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Coupon equivalents were 5.72% for the three-months and 6.53% for the six-months.

Tenders for the 91s totaled $36.9 billion, and the Treasury accepted $13.01 billion, including $1.39 billion of noncompetitive bids accepted at the average.

Tenders for the 182s totaled $39.32 billion, and the Treasury accepted $13.06 billion, including $1.25 billion of noncompetitive bids accepted at the average.

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