WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in two weeks.
The Treasury Department auctioned $31 billion in three-month bills at a discount rate of 0.300 percent, the same as last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.475 percent, up from 0.440 percent last week.
The six-month rate was the highest since these bills averaged 0.510 percent two weeks ago on March 14.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,992.42 while a six-month bill sold for $9,975.99. That would equal an annualized rate of 0.304 percent for the three-month bills and 0.483 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, fell to 0.64 percent last week from 0.67 percent the previous week.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- The Pac-12 football season nears kickoff
- Tips to get ready for a pain-free golf season
- Protect your family with these 7 home security features
- How to train like an Olympic swimmer
- 2016 Olympics: A guide to must-see TV events
- The bride's guide to feeling your best on your wedding day
- Deciding when you need knee surgery
- Celebrating Fourth of July is much cooler in these AZ towns
- Top ten road trip bathrooms in America
- Six things causing a pain in your neck
- 5 things to make your summer move easier
- Three elements of a strong timeshare exit guarantee
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food