WASHINGTON — Interest rates on short-term Treasury bills rose in yesterday’s auction, with rates of six-month bills reaching the highest level in three weeks.
The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.170 percent, up from 0.165 percent last week. Another $29 billion in six-month bills was auctioned at a discount rate of 0.135 percent, up from 0.125 percent.
The three-month rate was the highest since three-month bills averaged 0.185 percent on Oct. 4. The six-month rate was the highest since these bills averaged 0.155 percent on Sept. 27.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,991.41; a six-month bill sold for $9,996.59.
Separately, the Federal Reserve said the average yield for one-year Treasury bills fell to 0.22 percent last week from 0.24 percent the previous week.