Rates mixed at weekly US Treasury bill auction



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — 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, while rates on six-month bills were unchanged.

The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, up from 0.010 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.040 percent, the same as last week.

The three-month rate was the highest since those bills averaged 0.020 percent on Sept. 8.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,997.98. That would equal an annualized rate of 0.015 percent for the three-month bills and 0.041 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, edged down to 0.10 percent last week from 0.12 percent the previous week.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast