WASHINGTON -- The Treasury sold $24.7 billion of 91 -day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 3.04%, up from 3. 01 % in the previous auction. The six-months incurred a 3.14% rate, up from 3. 1 0%. Coupon equivalents were 3. 1 0% for the three-months and 3.23% for the six-months.
Tenders for the 91s totaled $52.12 billion, and the Treasury accepted $12.43 billion, including $1.31 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $48.9 billion of these bills and received $11.18 billion.