WASHINGTON -- The Treasury sold $22.53 billion of 91 -day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 2.93%, down from 2.98% in the previous auction on Sept. 13 and the lowest since the 2.89% average incurred on May 10. The six-months incurred a 3.06% rate, unchanged from a week ago.

Coupon equivalents were 2.98% for the three-months and 3.15% for the six-months.

Tenders for the 91s totaled $49.92 billion, and the Treasury accepted $11.2 billion, including $1.2 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $45.58 billion of these bills and received $9.74 billion.

Tenders for the 182s totaled $48.6 billion, and the Treasury accepted $11.33 billion, including $998 million of noncompetitive bids accepted at the average. The New York Fed applied for $44.92 billion of these bills and received $10.4 billion.

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