The U.S. Treasury Department sold $29 billion in three-month bills at a high discount rate of 0.065 percent. The Treasury also sold $27 billion in six-month bills at a high discount rate of 0.115 percent.
Short-term treasurys
April 25, 2011 at 11:03PM
At last week's auction, the three-month bills drew a rate of 0.06 percent and the six-month bills drew a rate of 0.11 percent. The rate on the three-month bills was the highest since 0.1 percent March 28. The rate on the six-month bills was the highest since 0.13 percent April 4.
The return to investors is 0.066 percent for the three-month bills, with a $10,000 bill selling for $9,998.36. The return to investors is 0.117 percent for the six-month bills, with a $10,000 bill selling for $9,994.19.
Treasury bills, which represent short-term government borrowing, are sold at a discount from maturity value. The amount paid to investors at maturity reflects the difference between the price paid for a bill and the par value.
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