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Rates on US Treasury bills drop at weekly auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on three-month bills falling to their lowest level since late April.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.025 percent, down from 0.035 percent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 percent, down from 0.070 percent last week.

The three-month rate was the lowest since those bills averaged 0.020 percent on April 28. The six-month rate was the lowest since six-month bills averaged 0.045 percent on May 5.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.37, while a six-month bill sold for $9,997.46. That would equal an annualized rate of 0.025 percent for the three-month bills and 0.051 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 down to 0.10 percent last week from 0.11 percent the previous week.

Rates on US Treasury bills drop at weekly auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on three-month bills falling to their lowest level since late April.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.025 percent, down from 0.035 percent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 percent, down from 0.070 percent last week.

The three-month rate was the lowest since those bills averaged 0.020 percent on April 28. The six-month rate was the lowest since six-month bills averaged 0.045 percent on May 5.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.37, while a six-month bill sold for $9,997.46. That would equal an annualized rate of 0.025 percent for the three-month bills and 0.051 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 down to 0.10 percent last week from 0.11 percent the previous week.

Rates on US Treasury bills drop at weekly auction

KDWN

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on three-month bills falling to their lowest level since late April.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.025 percent, down from 0.035 percent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 percent, down from 0.070 percent last week.

The three-month rate was the lowest since those bills averaged 0.020 percent on April 28. The six-month rate was the lowest since six-month bills averaged 0.045 percent on May 5.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.37, while a six-month bill sold for $9,997.46. That would equal an annualized rate of 0.025 percent for the three-month bills and 0.051 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 down to 0.10 percent last week from 0.11 percent the previous week.