3-Month T-Bill Rate Lowest in 43 Years
Associated Press
The Treasury Department auctioned $14 billion in three-month bills at a discount rate of 1.675%. An additional $16 billion in six-month bills was auctioned at a discount rate of 1.765%.
The three-month rate was down from 1.735% last week and was the lowest since three-month bills averaged 1.524% on Aug. 11, 1958. The six-month rate was unchanged at 1.765%, which represents the lowest rate since the government began auctioning six-month bills in 1958.
In a separate report, the Federal Reserve said that the average yield for one-year constant-maturity Treasury bills, the most popular index for making changes in adjustable-rate mortgages, edged down to 2.21% last week from 2.23% the previous week.
