Rates fall at delayed US Treasury bill auction

Published on NewsOK Modified: December 3, 2013 at 12:54 pm •  Published: December 3, 2013

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Tuesday's auction. The weekly auction was delayed one day because of an error that occurred during systems testing.

The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.075 percent, down from 0.080 percent last week. Another $27 billion in six-month bills was auctioned at a discount rate of 0.100 percent, down from 0.105 percent last week.

The three-month rate was the lowest since three-month bills averaged 0.050 percent on Nov. 4. The six-month rate was the lowest since these bills averaged 0.095 percent on Nov. 12.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.10 while a six-month bill sold for $9,994.94. That would equal an annualized rate of 0.076 percent for the three-month bills and 0.101 percent for the six-month bills.

Treasury normally holds the three-month and six-month bill auctions on Monday. However, this week's auction was delayed after an error occurred during a systems test on Monday that impaired the government's ability to take bids.


Trending Now


  1. 1
    Wayman Tisdale Award winner Jabari Parker declares for NBA draft
  2. 2
    Kevin Durant, Russell Westbrook finish among top selling jerseys in NBA
  3. 3
    Jews ordered to register in east Ukraine
  4. 4
    'X-Men' Director Bryan Singer Accused Of Sexually Abusing A Teenage Boy
  5. 5
    A Teenager Was Hilariously Caught By Police Trying To Organize A Massive Party On Twitter
+ show more