WASHINGTON -- The Treasury sold $24.08 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 4.32%, up from 4.00% in the previous auction on April 29 and the highest since the 4.39% average incurred on Dec. 2, 1991. The six-months incurred a 4.81% rate, up from 4.41% and the highest since the 5.04% average incurred on Oct. 28, 1991.

Coupon equivalents were 4.43% for the three months and 5.00% for the six-months.

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