WASHINGTON -- The Treasury sold $24.5 billion of 91-day and 182-day bills at lower rates yesterday, as the three-months incurred an average rate of 3.29%, down from 3.31% in the previous auction on Nov. 30. The six-months incurred a 3.37% rate, down from 3.46%.

Coupon equivalents were 3.37% for the three-months and 3.48% for the six-months.

Tenders for the 91s totaled $36.58 billion, and the Treasury accepted $12.22 billion, including $1.49 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $32.83 billion of these bills and received $10.37 billion.

Tenders for the 182s totaled $47.24 billion, and the Treasury accepted $12.28 billion, including $918 million of noncompetitive bids accepted at the average. The New York Fed applied for $43.94 billion of these bills and received $11.43 billion.

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