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Rates mixed at weekly US Treasury auction

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WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills unchanged, while rates on six-month bills rose to their highest level since late March.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 percent, unchanged from last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.070 percent, up from 0.060 percent last week.

The six-month rate was the highest since those bills averaged 0.075 percent on March 24.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.12, while a six-month bill sold for $9,996.46. That would equal an annualized rate of 0.035 percent for the three-month bills and 0.071 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, edged up to 0.11 percent last week from 0.10 percent the previous week.

Rates mixed at weekly US Treasury auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills unchanged, while rates on six-month bills rose to their highest level since late March.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 percent, unchanged from last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.070 percent, up from 0.060 percent last week.

The six-month rate was the highest since those bills averaged 0.075 percent on March 24.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.12, while a six-month bill sold for $9,996.46. That would equal an annualized rate of 0.035 percent for the three-month bills and 0.071 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, edged up to 0.11 percent last week from 0.10 percent the previous week.

Rates mixed at weekly US Treasury auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills unchanged, while rates on six-month bills rose to their highest level since late March.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 percent, unchanged from last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.070 percent, up from 0.060 percent last week.

The six-month rate was the highest since those bills averaged 0.075 percent on March 24.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.12, while a six-month bill sold for $9,996.46. That would equal an annualized rate of 0.035 percent for the three-month bills and 0.071 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, edged up to 0.11 percent last week from 0.10 percent the previous week.