Rates rise at weekly US Treasury bill auction

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Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on three-month bills rising to the highest since late December.

The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.055 percent, up from 0.035 percent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.065 percent, up from 0.060 percent.

The three-month rate was the highest since three-month bills averaged 0.065 percent on Dec. 30. The six-month rate was the highest since these bills averaged 0.080 percent on Jan. 6.

The discount rates reflect that the bills sell for less than face value.

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