Treasury bill rates rise
WASHINGTON (AP)- Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since early March.
The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 1.450 percent, up from 1.440 percent last week. Another $21 billion in six-month bills was auctioned at a discount rate of 1.600 percent, up from 1.500 percent last week.
The three-month rate was the highest since three-month bills averaged 1.790 percent on March 6. The six-month rate was the highest since 1.810 percent, also on March 6.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,963.35 while a six-month bill sold for $9,919.11.
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, rose to 1.63 percent last week from 1.60 percent the previous week.
- 1 HK typhoon alert No.1 issued
- 2 HSBC reports 1H fall in profit 29 percent
- 3 Bryant scores 19, helps US beat Russia in tuneup
- 4 Actor Morgan Freeman is injured in car accident
- 5 Jolie-Pitt baby twins photos online
- 6 Christina Applegate treated for breast cancer
- 7 Paris Hilton's mom takes offense at McCain's humor
|
- 1 Financials drag on market; Dow falls more than 240
- 2 Oil plunges to 13-month low on global slowdown
- 3 Stocks end worst week mixed after wild session
- 4 Stocks got slammed, but was it a `crash'?
- 5 Hong Kong stocks down 1178 points
- 6 Asian markets plunge; Nikkei sinks nearly 10 pct
- 7 Snowballing sell-off drives Dow down 679 points
|
|
