WASHINGTON -- The Treasury sold $23.87 billion of 91-day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 3.02%, unchanged from the previous auction on August 23. The six-months incurred a 3.11% rate, down from 3.12% and the lowest since the 3. 1 0% average incurred on July 6.
Coupon equivalents were 3.08% for the three-months and 3.20% for the six-months.
Tenders for the 91s totaled $58.86 billion, and the Treasury accepted $11.97 billion, including $1.2 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $54.35 billion of these bills and received $10.77 billion.
Tenders for the 182s totaled $51.74 billion, and the Treasury accepted $11.9 billion, including $945 million of noncompetitive bids accepted at the average. The New York Fed applied for $48.36 billion of these bills and received $10.9 billion.