WASHINGTON (AP) - Interest rates on short-term Treasury bills rose in Monday's auction to their highest rates in a month.
The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 0.095 percent, up from 0.055 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.165 percent, up from 0.135 percent last week.
The three-month rate was the highest since these bills averaged 0.11 percent on Dec. 28. The six-month rate was the highest since it reached 0.18 percent on Jan. 4.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,997.60 while a six-month bill sold for $9,991.60. That would equal an annualized rate of 0.096 percent for the three-month bills and 0.167 percent for the six-month bills.
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, was 0.31 percent last week, unchanged from the previous week.
(Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
News |
Weather
Traffic |
TV
Sports
Opinion |
Radio |
Classifieds
Announcements
Events
Movies |
Advertise with KSL
Other Resources
Wireless
Legal
Sister Sites
|