Business

T-bill rates fall to a two-week low

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction to the lowest levels in two weeks.

The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.050 percent, down from 0.060 percent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.085 percent, down from 0.105 percent.

Advertisement

The three-month rate was the lowest since these bills averaged 0.045 percent on June 17. The six-month rate was the lowest since the bills averaged 0.075 percent, also on June 17.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.75; a six-month bill sold for $9,995.73. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.086 percent for the six-month bills.

Associated Press

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com