WASHINGTON - The Treasury sold $23.77 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 3.13%, up from 3.10% in the previous auction on Nov. 9 and the highest since the average of 3.13% on Aug. 10, 1992. The six-months incurred a 3.37% rate, up from 3.27% and was the highest since the average of 3.66% on June 29, 1992.
Coupon equivalents were 3.20% for the three-months and 3.48% for the six-months.
Tenders for the 91s totaled $33.06 billion, and the Treasury accepted $11.85 billion, including $1.42 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $28.88 billion of these bills and received $10.26 billion.
Tenders for the 182s totaled $38.72 billion, and the Treasury accepted $11.92 billion, including $953 million of noncompetitive bids accepted at the average. The New York Fed applied for $35.56 billion of these bills and received $10.77 billion.