Interest Rates Rise on Short-Term T-Bills
From Associated Press
The Treasury Department sold $15 billion in three-month bills at a discount rate of 1.210%, up from 1.205% last week.
An additional $15 billion was sold in six-month bills at a rate of 1.265%, up from 1.245%.
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, rose to 1.51% last week from 1.46% the previous week.
