WASHINGTON -- The Treasury sold $24.52 billion of 91-day and 182-day bills at lower rates yesterday. The three-months incurred an average rate of 4.61%, down from 4.62% in the previous auction on Aug. 23. The six-months incurred a 4.93% rate, down from 4.98%.

Coupon equivalents were 4.61% for the three-months and 5.13% for the six-months.

Tenders for the 91 s totaled $48.77 billion, and the Treasury accepted $12.27 billion, including $1.36 billion of noncompetitive bids accepted at the average.

Tenders for the 182s totaled $48.69 billion, and the Treasury accepted $12.25 billion, including $1.24 billion of noncompetitive bids accepted at the average.

[TABULAR DATA OMITTED]

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