Business

T-bill rates at lowest since Jan. ’12

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction to the lowest levels since January 2012.

The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.040 percent, down from 0.050 percent last week.

Advertisement

Another $24 billion in six-month bills was auctioned at a discount rate of 0.76 percent, down from 0.80 percent last week.

The three-month rate was the lowest since three-month bills averaged 0.025 percent on Jan. 17, 2012. The six-month rate was the lowest since averaging 0.070 percent on Jan. 23, 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

For a $10,000 bill, the three-month price was $9,998.99, while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.041 percent for the three-month bills and 0.076 percent for the six-month bills.

Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, edged down to 0.11 percent last week from 0.12 percent the previous week.

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