WASHINGTON -- The Treasury sold $22.06 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 4.31%, up from 4.20% in the previous auction on June 27 and the highest since the 4.32% average incurred on May 9. The six-months incurred a 4.74% rate, up from 4.60% and the highest since the 4.81% average incurred on May 9.

Coupon equivalents were 4.42% for the three-months and 4.92% for the six-months.

Tenders for the 91s totaled $48 billion, and the Treasury accepted $12.01 billion, including $1.35 billion of noncompetitive bids accepted at the average.

Tenders for the 182s totaled $43.69 billion, and the Treasury accepted $12.05 billion, including $1.25 billion of noncompetitive bids accepted at the average.

[TABULAR DATA OMITTED]

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