WASHINGTON -- The Treasury sold $27.24 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 5.83%, up from the 5.44% average incurred in the previous auction on Nov. 28 and the highest since March 25, 1991, when it was 5.89%. The six-months incurred a 6.33% rate, up from 5.86% in the previous auction and the highest since Jan. 7, 1991, when it was 6.51%.

Coupon equivalents were 6.00% for the three-months and 6.63% for the six-months.

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