WASHINGTON - The Treasury sold $24.82 billion of 91-day and 182-day bills at lower rates yesterday, as the three-months incurred an average rate of 3.16%, down from 3.26% in the previous auction on Dec. 7 and the highest since the average of 3.59% on June 29. The six-months incurred a 3.32% rate, down from 3.43% and the highest since the average of 3.66% on June 29.

Coupon equivalents were 3.23% for the three-months and 3.42% for the six-months.

Tenders for the 91s totaled $31.45 billion, and the Treasury accepted $12.41 billion, including $1.32 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $28.51 billion of these bills and received $11.02 billion.

Tenders for the 182s totaled $34.41 billion, and the Treasury accepting $12.41 billion, including $820 million of noncompetitive bids accepted at the average. The New York Fed applied for $32 billion of these bills and received $11.61 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.