T-Bill Rates End Mixed in Auction
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Interest rates on short-term Treasury securities were mixed in Monday’s auction.
The Treasury Department sold $17 billion in three-month bills at a discount rate of 0.930%, down from 0.945% last week. An additional $14 billion was sold in six-month bills at a rate of 1.030%, up from 0.990% last week.
The new discount rates understate the actual return to investors -- 0.945% for three-month bills with a $10,000 bill selling for $9,976.50 and 1.050% for a six-month bill selling for $9,947.90.
In a separate report, the Federal Reserve said the average yield for one-year constant maturity Treasury bills rose to 1.23% last week from 1.17% the previous week.
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