Interest rates on short-term U.S. Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged and rates on three-month bills rising to the highest level since February.

The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.095 percent, up from 0.090 percent last week. Another $27 billion in six-month bills was auctioned at a discount rate of 0.145 percent, unchanged from last week.

The three-month rate was the highest since these bills averaged 0.115 percent on Feb. 27.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,997.60 while a six-month bill sold for $9,992.67. That would equal an annualized rate of 0.096 percent for the three-month bills and 0.147 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, edged down to 0.18 percent last week from 0.19 percent the previous week.


Due to the overwhelming enthusiasm of our readers it has become necessary to transfer our commenting system to a more scalable system in order handle the content.