WASHINGTON — Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since early July.
Rates on US Treasury bills rise at weekly auction to highest levels since early July
August 6, 2013 at 12:02AM
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.040 percent, up from 0.030 percent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 percent, up from 0.065 percent last week.
The three-month rate was the highest since these bills averaged 0.045 percent on July 8. The six-month rate was the highest since these bills averaged 0.085 percent on July 1.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.99 while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.041 percent for the three-month bills and 0.076 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 unchanged at 0.11 percent last week, the same as the previous week.
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While the focus was on Vice President Kamala Harris in their first media interview of the presidential campaign, Walz was asked if voters could take him at his word.
