WASHINGTON -- The Treasury sold $28.04 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 3.14%, up from 3.1 1 % in the previous auction on Nov. 15 and the highest since the 3.14% average incurred on June 7. The six-months incurred a 3.30% rate, up from 3.26% and the highest since the 3.30% average, also incurred on June 7.
Coupon equivalents were 3.2 1 % for the three-months and 3.40% for the six-months.
Tenders for the 91s totaled $51.86 billion, and the Treasury accepted $13.98 billion, including $1.20 billion of noncompetitive bids accepted at the average.
Tenders for the 182s totaled $56.55 billion, and the Treasury accepted $14.06 billion, including $874 million of noncompetitive bids accepted at the average.
