Skip to main content
Advertising

Originally published Monday, March 31, 2014 at 12:45 PM

  • Share:
           
  • Comments (0)
  • Print

US Treasury bill rates drop at weekly auction

Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since early February.


Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since early February.

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.045 percent, down from 0.050 percent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.065 percent, down from 0.075 percent last week.

The three-month rate was the lowest since these bills averaged 0.040 percent on Feb. 3. The six-month rate was the lowest since these bills averaged 0.060 percent, also on Feb. 3.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.86 while a six-month bill sold for $9,996.71. That would equal an annualized rate of 0.046 percent for the three-month bills and 0.066 percent for the six-month bills.

Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0.13 percent last week from 0.14 percent the previous week.



Want unlimited access to seattletimes.com? Subscribe now!

News where, when and how you want it

Email Icon

Seattle Sketcher Book

Seattle Sketcher Book

Due to popular demand, the pre-sale price of $29.95 is extended until October 5!

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►