T-bill rates de­cline at auc­tion

Austin American-Statesman - - BUSINESS - Com­piled from wire re­ports

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.

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