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Rates mixed at Monday’s Treasury auction

WASHINGTON, D.C. — Interest rates on short-term Treasury bills were mixed in Monday’s auction with three-month rates unchanged while six-month bills rose to the highest point in two weeks.

The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.125 percent, unchanged from last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.160 percent, up from 0.155 percent last week.

The three-month rate was unchanged from last week. The six-month rate was the highest since these bills averaged 0.170 percent two weeks ago on Oct. 25.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,996.88 while a six-month bill sold for $9,991.96. That would equal an annualized rate of 0.127 percent for the three-month bills and 0.162 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, fell to 0.22 percent last week from 0.23 percent the previous week.