Washington - The Treasury sold $27.75 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 5.29%, up from the 5.25% average incurred in the previous auction on Nov. 7 and the highest since Sept. 3, 1991, when it was 5.34%. The six-months incurred a 5.72% rate, up from 5.68% in the previous auction and the highest since June 24, 1991, when it was 5.76%.
Coupon equivalents were 5.44% for the three-months and 5.97% for the six-months.
Tenders for 91s totaled $44.91 billion, and the Treasury accepted $13.64 billion, including $1.43 billion of noncompetitive bids accepted at the average.
Tenders for 182s totaled $46.75 billion, and the Treasury accepted $13.61 billion, including $1.2 billion of noncompetitive bids accepted at the average.