GMtoday.com
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Sep 29, 4:39 PM EDT

Rates mixed at weekly US Treasury bill auction

Business Video

Buy AP Photo Reprints

WASHINGTON (AP) -- Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising to the highest level in three weeks, while rates on six-month bills were unchanged.

The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, up from 0.010 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.040 percent, the same as last week.

The three-month rate was the highest since those bills averaged 0.020 percent on Sept. 8.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,997.98. That would equal an annualized rate of 0.015 percent for the three-month bills and 0.041 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 0.10 percent last week from 0.12 percent the previous week.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.