Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Rates on short-term T-bills slide

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on six-month bills declining to the lowest level since early 2012.

The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.045 percent, down from 0.050 percent last week.

Continue reading below

Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 percent, down from 0.085 percent last week.

The three-month rate was the lowest since three-month bills averaged 0.040 percent on May 6. The six-month rate was the lowest since these bills averaged 0.070 percent on Jan. 23, 2012.

The Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, edged down to 0.15 percent last week from 0.16 percent the previous week.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

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