WASHINGTON -- The Treasury sold $22.62 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 2.98%, up from 2.95% in the previous auction on Sept. 7. The six-months incurred a 3.06% rate, up from 3.03%. Coupon equivalents were 3.04% for the three-months and 3.15% for the six-months.
Tenders for the 91s totaled $60.61 billion, and the Treasury accepted $11.34 billion, including $ 1.11 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $55.81 billion of these bills and received $10.18 billion. Tenders for the 182s totaled $50.29 billion, and the Treasury accepted $11.28 billion, including $768 million of noncompetitive bids accepted at the average. The New York Fed applied for $46.8 billion of these bills and received $10.32 billion