WASHINGTON - The Treasury sold $25.94 billion of 91-day and 182-day bills at higher rates yesterday. The three-month incurred an average rate of 3.06%, up from 3.04% in the previous auction on Oct 12 and the highest since the 3.10% average incurred on Aug. 2, 1993. The six-months incurred a 3.14% rate, up from 3.12% and the highest since the 3.18% average incurred on Aug. 9.

Coupon equivalents were 3.10% for the three-months and 3.22% for the six-months.

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