WASHINGTON-- The Treasury sold $27.27 billion of 91-day and 182-day bills at hiker rates yesterday. The three-months incurred an average rate of 5.44%, up from the 5.40% average incurred in the previous auction on Nov. 21 and the highest since Aug. 5, 1991, when it was 5.51%. The six-months incurred a 5.86% rate, up from 5.85% in the previous auction and the highest since March 11, 1991, when it was 5.91%.
Coupon equivalents were 5.59% for the three-months and 6.12% for the six-months.
Tenders for the 91s totaled $48.68 billion, and the Treasury accepted $13.64 billion, including $1.4 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $45.24 billion, and the Treasury accepted $13.63 billion, including $1.78 billion of noncompetitive bids accepted at the average.