WASHINGTON - The Treasury sold $24.47 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 3.01%, down from 3.05% in the previous auction on June 28 and the lowest since the 3.00% average incurred on May 17. The six-months incurred a 3.10% rate, down from 3.14% and the lowest since the 3.10% average incurred on May 17.

Coupon equivalents were 3.08% for the three-months and 3.19% for the six-months.

Tenders for the 91s totaled $32.53 billion, and the Treasury accepted $12.23 billion, including $1.36 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $29.42 billion of these bills and received $10.79 billion.

Tenders for the 182s totaled $39.74 billion, and the Treasury accepted $12.24 billion, including $1.05 billion of noncompetitive bids accepted at the average. The New York Fed applied for $36.93 billion of these bills and received $11.10 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.