WASHINGTON - The Treasury sold $24.49 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 3.05%, up from 3.04% in the previous auction on July 12. The six-months incurred a 3.15% rate, up from 3.14%.
Coupon equivalents were 3.12% for the three-months and 3.24% for the six-months.
Tenders for the 91s totaled $44.85 billion, and the Treasury accepted $12.25 billion, including $1.23 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $41.15 billion of these bills and received $11.06 billion.
Tenders for the 182s totaled $40.14 billion, and the Treasury accepted $12.24 billion, including $1.08 billion of noncompetitive bids accepted at the average. The New York Fed applied for $36.50 billion of these bills and received $11.14 billion.
