Business your connection to The Boston Globe

T-bill rates fall in auction

WASHINGTON -- Interest rates on short-term Treasury securities fell in yesterday's auction.

The Treasury Department sold $19 billion in three-month bills at a discount rate of 0.930 percent, down from 0.940 percent last week. An additional $17 billion was sold in six-month bills at a rate of 0.975 percent, down from 0.990 percent.

The three-month rate was the lowest since Feb. 17 when the bills sold for 0.915 percent. The six-month rate was the lowest since Jan. 26 when the rate was 0.955 percent.

The new discount rates understate the actual return to investors -- 0.945 percent for three-month bills with a $10,000 bill selling for $9,976.50 and 0.994 percent for a six-month bill selling for $9,950.70.

In a separate report, the Federal Reserve said yesterday that the average yield for one-year constant maturity Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 1.23 percent last week from 1.22 percent the previous week.

Today (free)
Yesterday (free)
Past 30 days
Last 12 months
 Advanced search / Historic Archives