Rates are mixed in auction of Treasury bills
From the Associated Press
The Treasury Department auctioned $15 billion in three-month bills at a discount rate of 4.88%, down from 4.91% last week. An additional $13 billion in six-month bills was auctioned at a discount rate of 4.89%, up from 4.87% 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 $9,876.64 while a six-month bill sold for $9,752.78.
Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, rose to 4.94% last week from 4.90% the previous week.
