Short-Term Rates Mixed at Treasury Auction
From the Associated Press
The Treasury Department auctioned $16 billion in three-month bills at a discount rate of 4.975%, up from 4.965% last week. Another $15 billion in six-month bills was auctioned at a discount rate of 5.060%, down from 5.090% 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 $9,874.24, and a six-month bill sold for $9,744.19.
Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, fell to 5.22% from 5.24% the previous week.
