Advertisement

Interest Rates on Treasury Bills Mixed

Share
From Associated Press

The Treasury Department auctioned $16 billion in three-month bills at a discount rate of 2.965%, down from 2.975% last week. An additional $14 billion in six-month bills was auctioned at a discount rate of 3.175%, up from 3.120% last week.

The new discount rates understate the actual return to investors: 3.029% for three-month bills, with a $10,000 bill selling for $9,925.05, and 3.272% for a six-month bill selling for $9,839.49.

In a separate report, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, rose to 3.39% last week from 3.3% the previous week.

Advertisement
Advertisement