Rates rise in Treasury bill auctions.

WASHINGTON -- The Treasury sold $23.63 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 3.10%, up from 3.05% in the previous auction on Nov. 2 and matching the the average of 3.10% on Aug. 17, 1992. The six-months incurred a 3.27% rate, up from 3.31% and matching the average on July 13, 1992.

Coupon equivalents were 3.17% for the three-months and 3.41% for the six-months.

Tenders for the 91s totaled $35.04 billion, and the Treasury accepted $11.81 billion, including $1.86 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $31.16 billion of these bills and received $10.27 billion.

Tenders for the 182s totaled $42.37 billion, and the Treasury accepted $11.82 billion, including $979 million of noncompetitive bids accepted at the average. The New York Fed applied for $38.70 billion of these bills and received $10.52 billion.

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