WASHINGTON -- The Treasury sold $24.6 billion of 91-day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 3.02%, down from 3.03% in the previous auction on August 16 and the lowest since the 3.01% average incurred on July 6. The six-months incurred a 3.12% rate, unchanged from a week ago.

Coupon equivalents were 3.09% for the three-months and 3.21% for the six-months.

Tenders for the 91s totaled $57.7 billion, and the Treasury accepted $12.37 billion, including $1.19 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $52.45 billion of these bills and received $10.73 billion.

Tenders for the 182s totaled $57.28 billion, and the Treasury accepted $12.23 billion, including $871 million of noncompetitive bids accepted at the average. The New York Fed applied for $53.29 billion of these bills and received $11.04 billion.

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