WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction with rates on six-month bills dropping to the lowest level in nearly two years.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.020 percent, down from 0.030 percent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.035 percent, down from 0.055 percent last week.
The three-month rate was the lowest since three-month bills averaged 0.010 percent on Jan. 9, 2012. The six-month rate was the lowest since those bills averaged 0.030 percent on Sept. 19, 2011. Full story for BostonGlobe.com subscribers.