WASHINGTON - The Treasury sold $24.82 billion of 91 -day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 3.22%. up from 3.16% in the previous auction on Dec. 21, and the six-months incurred a 3.38% rate, up from 3.32%.
Coupon equivalents were 3.29% for the three-months and 3.49% for the six-months.
Tenders for the 91s totaled $30.4 billion, and the Treasury accepted $12.4 billion, including $1.3 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $27.91 billion of these bills and received $10.84 billion.
Tenders for the 182s totaled $31.5 billion, and the Treasury accepted $12.42 billion, including $819 million of noncompetitive bids accepted at the average. The New York Fed applied for $29.53 billion of these bills and received $11.57 billion.