Short-term T-bill interest rates fall

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction with rates on six-month bills tumbling to their lowest point in more than a year.

The Treasury Department auctioned $35 billion in three-month bills at a discount rate of 0.055 percent, down from 0.065 percent last week.

Another $30 billion in six-month bills was auctioned at a discount rate of 0.090 percent, down from 0.095 percent last week.


The three-month rate was the lowest since three-month bills averaged 0.040 percent on Dec. 17. The six-month rate was the lowest since these bills averaged 0.075 percent on Jan. 30, 2012.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

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 0.12 percent last week from 0.13 percent the previous week.

Associated Press