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Latest Business News

Treasury Bills Mixed in Weekly Auction

Tuesday, January 02, 2007 12:57:23 PM

WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Tuesday's auction, with three-month bills rising to the highest level in six weeks while rates on six-month bills were unchanged from last week.

The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 4.930 percent, up from 4.875 percent last week. Another $14 billion in six-month bills was auctioned at a discount rate of 4.900 percent, the same as last week.

The three-month rate was the highest since three-month bills averaged 4.940 percent on Nov. 20.


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