T-bill rates decline at auction
WASHINGTON — Interest rates on shortterm Treasury bills fell in Monday’s auction to the lowest levels in three weeks.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.150 percent, down from 0.165 percent last week. Another $30 billion in six-month bills was auctioned at a discount rate of 0.200 percent, down from 0.205 percent last week.
The three-month rate was the lowest since these bills averaged 0.115 percent on June 21. The six-month rate was the lowest since 0.170 percent, also on June 21.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills was 0.31 percent last week, unchanged from the previous week.