Treasury Yields Continue to Rise

Median yields on U.S. Treasury bills increased at today's auctions, compared to last week. The 13-week bill paid a median of 3.75 percent, compared to 3.42 percent last week. The 26-week bill paid a median of 4.19 percent, up from 4.03 percent last week.

The yield for the 26-week bill is the second in a row above four percent. The 13-week bill passed three percent five weeks ago.

In total, the 13-week bill tendered $148.3 billion, with  $63.5 billion accepted, with the T/A ratio at 2.34. This is up from 2.25 last week. 

The 26-week tendered 124.6 billion, with $50.1 billion accepted. The T/A of 2.49 is lower than last week's 2.69.