WASHINGTON - The Treasury sold $23.27 billion of 91-day and 182-day bills at higher rates yesterday, as the three-months incurred an average rate of 3.20%, up from 3.18% in the previous auction on July 27. The six-months incurred a 3.30% rate, up from 3.27%.
Coupon equivalent were 3.27% for the three-months and 3.40% for the six-months.
Tenders for the 91s totaled $43.88 billion, and the Treasury accepted $11.62 billion, including $1.42 billion of noncompetitive bids accepted at the average. The New York Federal Reserve District applied for $39.86 billion of these bills and received $10.08 billion.
Tenders for the 182s totaled 42.18 billion, and the Treasury accepted $11.65 billion, including $1.09 billion of noncompetitive bids accepted at the average. The New York Fed applied for $39.23 billion of these bills and received $10.67 billion.
