WASHINGTON - The Treasury sold $25.5 billion of 91-day and 182-day bills at mixed rates yesterday. The three-months incurred an average rate of 4.23%, unchanged from the previous auction on May 23. The six-months incurred a 4.6% rate, up from 4.63% and the highest since the 5.04% average incurred on Oct. 28, 1991.
Coupon equivalents were 4.33% for the three-months and 4.85% for the six-months.
Tenders for the 91s totaled $58.29 billion, and the Treasury accepted $12.79 billion, including $1.34 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $48.44 billion, and the Treasury accepted $12.71 billion, including $1.10 billion of noncompetitive bids accepted at the average.
