Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising to the highest level in three weeks and rates on six-month bills unchanged.
Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills rising to the highest level in three weeks and rates on six-month bills unchanged.
The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.070 percent, up from 0.065 percent last week. Another $27 billion in six-month bills was auctioned at a discount rate of 0.090 percent, unchanged from last week.
The three-month rate was the highest since three-month bills averaged 0.075 percent three weeks ago on Dec. 3.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.23 while a six-month bill sold for $9,995.45. That would equal an annualized rate of 0.071 percent for the three-month bills and 0.091 percent for the six-month bills.
- Seattle police officer faces firing over arrest of man carrying a golf club
- Man killed by escort had axes, shovel, bleach; may be linked to missing women
- Seattle-area home prices hit wall in May
- Boy Scouts OK gay leaders; Mormon church may quit
- Alaska Airlines has 72-hour sale on fall travel to Hawaii
Most Read Stories
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0.13 percent last week from 0.14 percent the previous week.