WASHINGTON -- The Treasury sold $27.35 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 5.40%, up from the 5.29% average incurred in the previous auction on Nov. 14 and the highest since Aug. 5, 1991, when it was 5.51%. The six-months incurred a 5.85% rate, up from 5.72% in the previous auction and the highest since March 11,1991, when it was 5.91%.

Coupon equivalents were 5.55% for the three-months and 6.11% for the six-months.

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