You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Short-term Treasury bill rates fall

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

The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.040 percent, down from 0.045 percent last week.

Continue reading below

Another $25 billion in six-month bills was auctioned at a discount rate of 0.070 percent, down from 0.075 percent last week.

The three-month rate was the lowest since those bills averaged 0.025 percent on Jan. 17, 2012. The six-month rate was the lowest since those bills averaged 0.060 percent, also on Jan. 17, 2012.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.99, while a six-month bill sold for $9,996.46. That would equal an annualized rate of 0.041 percent for the three-month bills and 0.071 percent for the six-month bills.

The Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for altering adjustable-rate mortgages, edged down to 0.13 percent last week, from 0.15 percent the previous week.

Loading comments...
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
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.