3-, 6-Month Treasury Bill Rates Increase
From Associated Press
The Treasury Department sold $18 billion in three-month bills at a discount rate of 1.110%, up from 1.100% last week. Another $18 billion was sold in six-month bills at a rate of 1.095%, up from 1.080%.
The new discount rates understate the actual return to investors -- 1.133% for three-month bills, with a $10,000 bill selling for $9,971.90, and 1.120% for a six-month bill selling for $9,944.60.
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, stood at 1.13% last week, unchanged from the previous week.
