WASHINGTON -- The Treasury sold $27.3 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 5.76%, down from the 5.83% average incurred in the previous auction on Dec. 5. The six-months incurred a 6.32% rate, down from 6.33% in the previous auction.

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Coupon equivalents were 5.93% for the three-months and 6.62% for the sixmonths.

Tenders for the 91s totaled $48.06 billion, and the Treasury accepted $13.65 billion, including $1.57 billion of noncompetitive bids accepted at the average.

Tenders for the 182s totaled $51.1 billion, and the Treasury accepted $13.65 billion, including $1.64 billion of noncompetitive bids accepted at the average.

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