WASHINGTON - interest rates on short-term Treasury bills were mixed at the auction on Monday. Rates on three-month bills are unchanged, while rates on six-month bills fell to the lowest level since November.
The Treasury Department established auctions of $ 29 billion in three months at a discount rate of 0.150%.
28 Billion in bills of six months has been auctioned at a discount rate of 0.180%, down from 0.190% last week. Six-month rate was much lower because these bills by an average of 0.160% November 8.
The discount rates reflect that bills are selling for less than face value. For a bill of $10,000, the price of three months was $9,996.21 while a six-month Bill has sold for $9,990.90. Which is roughly equivalent to an annualized rate of 0.152 per cent bills for three months and 0.183 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for a good year Treasury index popular for making changes in mortgage rates, falling to 0.29% week last 0.30% the previous week.
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