WASHINGTON - The Treasury sold $23.36 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 4.79%, up from 4.61% in the previous auction on Sept. 19 and the highest since the 4.99% average incurred on Oct. 28, 1991. The six-months incurred a 5.22% rate, up from 5.05% and the highest since the 5.23% average incurred on Sept. 23, 1991.
Coupon equivalent were 4.92% for the three-months and 5.44% for the six-months.
Tenders for the 91s totaled $46.34 billion, and the Treasury accepted $11.73 billion, including $1.3 billion of noncompetitive bids accepted at the average.
Tender for the 182s totaled $44.51 billion, and the Treasury accepted $11.63 billion, including $1.33 billion of noncompetitive bids accepted at the average.
