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.
Tenders for the 91s totaled $47.07 billion, and the Treasury accepted $13.66 billion, including $1.49 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $50 billion, and the Treasury accepted $13.69 billion, including $1.78 billion of noncompetitive bids accepted at the average.