3-month T-bills at highest since Feb
WASHINGTON - Interest rates on short-term Treasury bills rose in yesterday's auction with rates on three-month bills rose to its highest level since February.
The Treasury Department auctioned $ 27000000000 three-month bill discount of 0.115 percent, up from 0.080 percent last week. Another $ 24000000000 six-month bills was auctioned at the discount rate of 0.150 percent from 0.100 percent a year.
Three-month rate was the highest since these bills an average of 0.145 percent in February 28Sešu month rate was the highest since 0.170 percent on March 28.
Auction and the auction for that day four-week Treasury bills will be the last one can keep up with the U.S. borrowing limit raised. Congress is working to approve new debt limit.
Discount reflects the fact that the bills sell for less than face value.
About $ 10,000 bill, the three-month price, but the six-month bill sold $ 9,997.09 $ 9,992.42. This is the same every year, to 0.117 percent for three-month bills and 0.153 percent in the six-month bills.
Separately, the Federal Reserve said the average yield of one-year bills rose to 0.21 percent last week from 0.18 percent the week before.
WASHINGTON - Interest rates on short-term Treasury bills rose in yesterday's auction with rates on three-month bills rose to its highest level since February.
The Treasury Department auctioned $ 27000000000 three-month bill discount of 0.115 percent, up from 0.080 percent last week. Another $ 24000000000 six-month bills was auctioned at the discount rate of 0.150 percent from 0.100 percent a year.
Three-month rate was the highest since these bills an average of 0.145 percent in February 28Sešu month rate was the highest since 0.170 percent on March 28.
Auction and the auction for that day four-week Treasury bills will be the last one can keep up with the U.S. borrowing limit raised. Congress is working to approve new debt limit.
Discount reflects the fact that the bills sell for less than face value.
About $ 10,000 bill, the three-month price, but the six-month bill sold $ 9,997.09 $ 9,992.42. This is the same every year, to 0.117 percent for three-month bills and 0.153 percent in the six-month bills.
Separately, the Federal Reserve said the average yield of one-year bills rose to 0.21 percent last week from 0.18 percent the week before.
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