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WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Tuesday's auction, with six-month bills falling and three-month bills rising to the highest level in more than six years.
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 5.035 percent, up from 5.025 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 4.950 percent, down from 4.965 percent last week.
The three-month rate was the highest since these bills averaged 5.090 percent on Jan. 22, 2001. The six-month rate was the lowest since 4.920 percent on Jan. 8.
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