boston.com Business your connection to The Boston Globe

T-bill rates rise

WASHINGTON -- Interest rates on short-term Treasury bills rose in yesterday's auction, with the six-month bill climbing to the highest level in three weeks.

The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.930 percent, up from 3.900 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 4.185 percent, up from 4.155 percent last week.

The three-month rate was the highest since three-month bills averaged 3.940 percent on Nov. 21. The six-month rate was the highest since 4.195 percent on Nov. 14.

The discount rates reflect that the bills sells for less than face value. For a $10,000 bill, the three-month purchase price was $9,900.66, while a six-month bill sold for $9,788.43.

Separately, the Federal Reserve said yesterday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, rose to 4.34 percent last week from 4.30 percent the previous week.

SEARCH THE ARCHIVES
 
Today (free)
Yesterday (free)
Past 30 days
Last 12 months
 Advanced search / Historic Archives