WASHINGTON -- The Treasury sold $27.72 billion of 91-day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 3.11%, unchanged from the previous auction on Nov. 1. The six-months incurred a 3.28% rate, up from 3.25% and the highest since the 3.30% average incurred on June 7.

Coupon equivalents were 3.18% for the three-months and 3.38% for the six-months.

Tenders for the 91s totaled $56 billion, and the Treasury accepted $13.8 billion, including $1.38 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $52.09 billion of these bills and received $12.57 billion.

Tenders for the 182s totaled $63.82 billion, and the Treasury accepted $13.92 billion, including $968 million of noncompetitive bids accepted at the average. The New York Fed applied for $61.38 billion of these bills and received $12.97 billion.

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