WASHINGTON - The Treasury sold $23.74 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 2.96%, up from 2.90% in the previous auction on Sept. 27. The six-months incurred a 3.08% rate, up from 3.02%.
Coupon equivalents were 3.02% for the three-months and 3.17% for the six-months.
Tenders for the 91s totaled $49.53 billion, and the Treasury accepted $11.9 billion, including $1.35 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $45.77 billion of these bills and received $10.58 billion.
Tenders for the 182s totaled $42.4 billion, and the Treasury accepted $11.84 billion, including $1.02 billion of noncompetitive bids accepted at the average. The New York Fed applied for $39.44 billion of these bills and received $10.72 billion.