WASHINGTON -- The Treasury sold $23.2 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 3.17%, up from 3.14% in the previous auction on Aug. 24. The six-months incurred a 3.26% rate, up from 3.24%.

Coupon equivalents were 3.24% for the three-months and 3.36% for the six-months.

Tenders for the 91s totaled $39.34 billion, and the Treasury accepted $11.6 billion, including $1.3 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $34.94 billion of these bills and received $10.15 billion.

Tenders for the 182s totaled $49.93 billion, and the Treasury accepted $11.6 billion, including $975 million of noncompetitive bids accepted at the average. The New York Fed applied for $ 43.12 billion of these bills and received $10.5 billion.

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