WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels in two weeks.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.050 percent, down from 0.060 percent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.085 percent, down from 0.105 percent last week.
The three-month rate was the lowest since these bills averaged 0.045 percent on June 17. The six-month rate was the lowest since these bills averaged 0.075 percent, also on June 17.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.75 while a six-month bill sold for $9,995.73. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.086 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, rose to 0.16 percent last week from 0.13 percent the previous week.
Wyo., ND Governors To EPA: Hey, We Need More Time On Clean Power Plan Regulations Because You Totally ‘Blindsided’ Us | Matt Vespa
House Democrats Will Try To Dissolve Select Committee On Benghazi Tonight UPDATE: Voted Down, Committee Remains | Matt Vespa
Homeowner Stops Three Robbers By Pleading For Mercy. Just Kidding. He Shot Them. - Bearing Arms - Guns Saving Lives, Texas
Second data storage firm emerges with possible cloud backups of Hillary Clinton's emails - twitchy.com
Thomas Sowell - Charlatans and Sheep
Muslim History vs Western Fantasy: The ‘Refugee Crisis’ in Context | Human Events
- Vladimir Putin’s Russia Adopts Concealed Carry
Ted Cruz finds a question that the Sierra Club DARED not answer. | RedState
The truth about gun deaths: numbers and actual solutions