Rates on 3-, 6-Month T-Bills Mixed in Auction
From the Associated Press
The Treasury Department auctioned $16 billion in three-month bills at a discount rate of 4.965%, up from 4.925% last week. An additional $14 billion in six-month bills was auctioned at a discount rate of 5.090%, down from 5.105% last week.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,874.49, while a six-month bill sold for $9,742.67.
Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, declined to 5.24% last week from 5.27% the previous week.
