Rates drop on short-term Treasurys

Interest rates on three-month and six-month Treasury bills dropped in Tuesday’s auction after rising the previous week. The Treasury Department auctioned $33 billion in three-month bills at a discount rate of 0.085 percent, down from 0.095 percent last week. Another $31 billion in six-month bills was auctioned at a discount rate of 0.125 percent, down from 0.130 percent last week.