WASHINGTON - The Treasury sold $24.52 billion of 91-day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 3.10%, unchanged from the previous auction on July 26. The six-months incurred a 3.25% rate, up from 3.24% on July 26 and the highest since the 3.30% average incurred on June 7.
Coupon equivalents were 3.17% for the three-months and 3.34% for the six-months.
Tenders for the 91s totaled $47.52 billion, and the Treasury accepted $12.21 billion, including $1.3 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $44.16 billion of these bills and received $10.85 billion.
Tenders for the 182s totaled $45.26 billion, and the Treasury accepted $12.31 billion, including $ 1.01 billion of noncompetitive bids accepted at the average. The New York Fed applied for $42.22 billion of these bills and received $11.41 billion.