WASHINGTON - The Treasury sold $26.1 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 3.08%, up from 3.06% in the previous auction on Oct. 19 and the highest since the 3.10% average incurred on Aug. 2, 1993. The six-months incurred a 3.19% rate, up from 3.14% and the highest since the 3.25% average incurred on Aug. 2.

Coupon equivalents were 3.15% for the three-months and 3.29% for the six-months.

Tenders for the 91s totaled $ 50.06 billion, and the Treasury accepted $13.03 billion, including $1.03 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $46.87 billion of these bills and received $11.87 billion.

Tenders for the 182s totaled $45.29 billion, and the Treasury accepted $13.07 billion, including $731 million of noncompetitive bids accepted at the average. The New York Fed applied for $42.31 billion of these bills and received $11.97 billion.

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