Business

Short-term T-bills at 4-month high

WASHINGTON — Interest rates on short-term Treasury bills rose in Monday’s auction to the highest levels since October.

The Treasury Department auctioned $42 billion in three-month bills at a discount rate of 0.095 percent, up from 0.040 percent last week. Another $42 billion in six-month bills was auctioned at a discount rate of 0.110 percent, up from 0.060 percent last week.

Advertisement

The three-month rate was the highest since three-month bills averaged 0.130 percent on Oct. 15. The six-month rate was the highest since these bills averaged 0.150 percent, also on Oct. 15.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,997.60, while a six-month bill sold for $9,994.44. That would equal an annualized rate of 0.096 percent for the three-month bills and 0.112 percent for the six-month bills.

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