the republic logo

US Treasury bills mixed at weekly auction with 6-month bills dropping to lowest in 3 weeks

Share/Save/Bookmark

WASHINGTON — Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged and six-month bills dropping to their lowest level in three weeks.

The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.055 percent, down from 0.060 percent last week.

The six-month rate was the lowest since those bills stood at 0.050 percent on June 23.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.37 while a six-month bill sold for $9,997.22. That would equal an annualized rate of 0.025 percent for the three-month bills and 0.056 percent for the six-month bills.

Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, was 0.11 percent last week, unchanged from the previous week.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.