Business your connection to The Boston Globe

Short-term Treasury bill rates lower

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

The Treasury Department sold $16 billion in three-month bills at a discount rate of 0.915 percent, down from 0.930 percent last week. An additional $13 billion was sold in six-month bills at a rate of 1.025 percent, down from 1.030 percent.

The three-month rate was the lowest since Jan. 26 when the bills sold for 0.890 percent. The six-month rate was the lowest since March 29 when the rate was 0.990 percent.

The new discount rates understate the actual return to investors -- 0.929 percent for three-month bills with a $10,000 bill selling for $9,976.90 and 1.044 percent for a six-month bill selling for $9,948.20.

Separately, the Federal Reserve said the average yield for one-year constant maturity Treasury bills, a popular index for making changes in adjustable rate mortgages, rose to 1.32 percent last week from 1.23 percent the previous week.

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