Rates rise at weekly US Treasury bill auction

Published on NewsOK Modified: March 3, 2014 at 3:56 pm •  Published: March 3, 2014
Advertisement
;

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

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.050 percent, up from 0.045 percent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.080 percent, up from 0.075 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 $9,998.74 while a six-month bill sold for $9,995.96. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.081 percent for the six-month bills.

Separately, the Federal Reserve said that it was delaying until Tuesday a report on last week's average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages. The delay was due to federal offices being closed Monday because of snow in the Washington area.



Trending Now


AROUND THE WEB

  1. 1
    Tulsa police believe mother, teen son planned deaths together
  2. 2
    Kevin Durant asks for your basketball videos in Summer is Serious 2
  3. 3
    OU basketball: Time, TV listing announced for Sooners' December game against Washington
  4. 4
    Lawsuit: 'Duck Dynasty' stole 'camo' idea
  5. 5
    Here's What Gaza Explosions Look Like From Space
+ show more