Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills declining while rates on six-month bills were unchanged. 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, rose to 0.41 percent last week. For More information regarding the Latest World & Stock News, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills declining while rates on six-month bills were unchanged. The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.155 percent, down from 0.165 percent last week. Another $29 billion in six-month bills was auctioned at a discount rate of 0.240 percent, unchanged from last week.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,996.08 while a six-month bill sold for $9,998.79. That would equal an annualized rate of 0.157 percent for the three-month bills and 0.244 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, rose to 0.41 percent last week from 0.39 percent the previous week
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