WASHINGTON - The Treasury sold $22.08 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 2.88%. up from 2.67% in the previous auction on Oct. 5. The six-months incurred a 2.95% rate, up from 2.73%.

Coupon equivalents were 2.94% for the three-months and 3.04% for the six-months.

Tenders for the 91s totaled $36.64 billion, and the Treasury accepted $11.04 billion, including $1.41 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $32.82 billion of these bills and received $9.19 billion.

Tenders for the 182s totaled $41.39 billion, and the Treasury accepted $11.04 billion, including $933 million of noncompetitive bids accepted at the average. The New York Fed applied for $38.04 billion of these bills and received $10.17 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.