Rate on 3-month T-bills falls as 6-month Treasury rate rises
WASHINGTON — Interest rates on shortterm Treasury bills were mixed in Monday’s auction, as rates on three-month bills fell and six-month bills rose.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.150 percent, down from 0.155 percent last week. Another $30 billion in six-month bills was auctioned at a discount rate of 0.200 percent, up from 0.195 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 highest since it was 0.205 percent on July 6.
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 0.27 percent last week, down from 0.28 percent the previous week.