Rate on 3-month T-bills falls as 6-month Trea­sury rate rises

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

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.

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