Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills dropped to their lowest point since February.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.080 percent, the same as last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.130 percent, down from 0.135 percent last week.
The three-month rate matched last week's rate, which was the lowest since April 2 when three-month bills averaged 0.075 percent. The six-month rate was the lowest since those bills averaged 0.125 percent on Feb. 21.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,997.98 while a six-month bill sold for $9,993.43. That would equal an annualized rate of 0.081 percent for the three-month bills and 0.132 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 0.18 percent last week, the same as the previous week.
New Jersey Man Slays Child | Human Events
Bad News: Millennials, America's Largest Generation, Prefer Socialism Over Capitalism
For what it’s worth: Trump 32, Cruz 26, Rubio 20, Bush 10 in private poll of South Carolina
Concealed Carrier Saves Cop Swarmed By "Unarmed" Youths
Applying the Soros Investing Principle of ‘Fight Another Day’
Donald Trump Financed The Gang of 8 | RedState
'Shots fired!!' @HillaryClinton trolls Marco Rubio, and he hits back