WASHINGTON — Interest rates on short-term Treasury bills were mixed in yesterday’s auction, with rates on three-month bills unchanged while rates on six-month bills dropped to the lowest since November.
The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.155 percent, unchanged from last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.180 percent, down from 0.185 percent.
The six-month rate was the lowest since six-month bills averaged 0.160 percent on Nov. 8. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,996.08; a six-month bill sold for $9,990.90. That would equal an annualized rate of 0.157 percent for the three-month bills and 0.183 percent for the six-month bills.
