WASHINGTON -- The Treasury sold $22.47 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 2.90%, down from 2.93% in the previous auction on Sept. 20 and the lowest since the 2.89% average incurred on May 10. The six-months incurred a 3.02% rate, down from 3.06% and the lowest since the 2.99% average incurred on May 10.

Coupon equivalents were 2.96% for the three-months and 3.11% for the six-months.

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