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WASHINGTON (AP) - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in more than five years.
The Treasury Department auctioned $14 billion in three-month bills at a discount rate of 4.570 percent, up from 4.535 percent last week. Another $13 billion in six-month bills was auctioned at a discount rate of 4.700 percent, up from 4.670 percent last week.
The three-month rate was the highest since three-month bills averaged 4.700 percent on March 5, 2001. The six-month rate was the highest since 4.770 percent on Feb. 20, 2001.
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