Interest Rates Rise on 3-, 6-Month T-Bills
Associated Press
The Treasury Department sold $15 billion in three-month bills at a discount rate of 1.74%, up from 1.73% last week. An additional $14 billion was sold in six-month bills at a rate of 1.85%, up from 1.83%.
In a separate report, the Federal Reserve said the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable-rate mortgages, held steady at 2.24% last week.
