Business

Rates mixed on Treasury bills

WASHINGTON — Interest rates on short-term Treasury bills were mixed in Monday’s auction, with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks.

The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.045 percent. That was unchanged­ from last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.085 percent, up from 0.080 percent last week.

Advertisement

The six-month rate was the highest since these bills averaged 0.090 percent on April 15.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.86, while a six-month bill sold for $9,995.70.

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

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

Associated Press

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your 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