WebSify
Follow us on
Mail
Print

Rates mixed at weekly US Treasury bill auction

Source : AP
Last Updated: Mon, Feb 04, 2013 20:45 hrs

Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills falling to the lowest level in four weeks while rates on six-month bills were unchanged.

The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.07 percent, down from 0.075 percent last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.110 percent, unchanged from last week.The three-month rate was the lowest since three-month bills averaged 0.065 percent on Jan. 7.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.23 while a six-month bill sold for $9,994.44. That would equal an annualized rate of 0.071 percent for the three-month bills and 0.112 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 unchanged at 0.15 percent last week, the same as the previous week.




blog comments powered by Disqus
most popular on facebook
talking point on sify news