Rates on US Treasury bills dip at weekly auction

Published on NewsOK Modified: February 3, 2014 at 3:23 pm •  Published: February 3, 2014
Advertisement
;

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday's auction.

The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.040 percent, down from 0.055 percent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.060 percent, down from 0.065 percent last week.

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 $9,996.97. That would equal an annualized rate of 0.041 percent for the three-month bills and 0.061 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 0.11 percent last week, unchanged from the previous week.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Tulsa-based Williams closes Wyoming natural gas processing plant after explosion
  2. 2
    Actress and filmmaker Jodie Foster marries girlfriend
  3. 3
    Joan Rivers: Ariel Castro victims should lighten up
  4. 4
    Film at 9/11 museum sets off clash over reference to Islam
  5. 5
    Kansas slaying suspect wanted 'MURDER' neck tattoo erased
+ show more