WASHINGTON The Treasury sold $24.88 billion of 91-day and 182-day bills at higher rates yesterday. The three-months incurred an average rate of 4.92%, up from 4.79% in the previous auction on Sept. 26 and the highest since the 4.99% average incurred on Oct. 28, 1991. The six-months incurred a 5.38% rate, up from 5/22% in the previous auction and the highest since the 5.39% incurred on Sept. 3, 1991.

Coupon equivalents were 5.05% for the three-months and 5.61% for the six-months.

Tenders for the 91s totaled $46.01 billion, and the Treasury accepted $12.46 billion, including $1.51 billion of noncompetitive bids accepted at the average.

Tenders for the 182s totaled $44.81 billion, and the Treasury accepted $12.42 billion, including $1.36 billion of noncompetitive bids accepted at the average. Treasury Market Yields Previous Previous Yesterday Week Month 3-Month Bill 4.83 4.88 n.a.6-Month Bill 5.49 5.41 n.a.1-Year Bill 6.01 5.89 n.a.2-Year Note 6.65 6.49 n.a.3-Year Note 6.94 6.77 n.a.5-Year Note 7.33 7.19 n.a.7-Year Note 7,48 7.38 n.a.10-Year Note 7.65 7.55 n.a.30-Year Bond 7.85 7.79 n.a. Source: Cantor, Fitzgerald / Telerate

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