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YIELDS RISE ON TREASURY BILLS

Interest rates on short-term Treasury securities rose in Monday's auction.

The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.155 percent, up from 2.075 percent last week.

An additional $17 billion was sold in six-month bills at a rate of 2.365 percent, up from 2.280 percent.

The new discount rates understate the actual return to investors -- 2.197 percent for three-month bills with a $10,000 bill selling for $9,946.13, and 2.427 percent for a six-month bill selling for $9,881.09.

The average yield for one-year constant maturity Treasury bills rose to 2.53 percent last week from 2.47 percent the previous week.

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