Share this article

print logo

YIELDS RISE ON TREASURY BILLS

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

The Treasury Department sold $15 billion in three-month bills at a discount rate of 1.210 percent, up from 1.205 percent last week.

An additional $15 billion was sold in six-month bills at a rate of 1.265 percent, up from 1.245 percent.

The new discount rates understate the actual return to investors -- 1.228 percent for three-month bills with a $10,000 bill selling for $9,969.80, and 1.291 percent for a six-month bill selling for $9,936.40.

In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 1.51 percent last week from 1.46 percent the previous week.

There are no comments - be the first to comment