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Rates unchanged in weekly US Treasury auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills were unchanged in Monday’s auction.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.050 percent, unchanged from last week. An additional $23 billion in six-month bills was auctioned at a discount rate of 0.080 percent, also holding steady from week.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.74 while a six-month bill sold for $9,995.96. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.081 percent for the six-month bills.

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 0.12 percent last week, up from 0.10 percent the previous week.

Rates unchanged in weekly US Treasury auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills were unchanged in Monday’s auction.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.050 percent, unchanged from last week. An additional $23 billion in six-month bills was auctioned at a discount rate of 0.080 percent, also holding steady from week.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.74 while a six-month bill sold for $9,995.96. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.081 percent for the six-month bills.

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 0.12 percent last week, up from 0.10 percent the previous week.