|
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level in nearly four years.
The Treasury Department auctioned $22 billion in three-month bills at a discount rate of 1.060 percent, down from 1.450 percent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 1.380 percent, down from 1.600 percent last week.
The three-month rate was the lowest since these bills averaged 1.050 percent on May 24, 2004. The six-month rate was the lowest since these bills averaged 1.310 percent four weeks ago.
|