WASHINGTON -- The Treasury sold $27.28 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 5.25%, up from the 5.07% average incurred in the previous acution on Oct. 31 and the highest since Sept. 9, 1991, when it was 5.29%. The six-months incurred a 5.68% rate, up from 5.51% in the previous auction and the highest since July 29, 1991, when it was 5.69%.

Coupon equivalents were 5.39% for the three-months and 5.93% for the six-months.

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