Breaking News, World News and Taiwan News.

Short-term rates at weekly US Treasury Dept. auction mixed

WASHINGTON -- Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising to the highest level in three weeks and rates on six-month bills unchanged.

The Treasury Department auctioned US$32 billion in three-month bills at a discount rate of 0.070 percent, up from 0.065 percent last week. Another US$27 billion in six-month bills was auctioned at a discount rate of 0.090 percent, unchanged from last week.

The three-month rate was the highest since three-month bills averaged 0.075 percent three weeks ago on Dec. 3.

The discount rates reflect that the bills sell for less than face value. For a US$10,000 bill, the three-month price was US$9,998.23 while a six-month bill sold for US$9,995.45. That would equal an annualized rate of 0.071 percent for the three-month bills and 0.091 percent for the six-month bills.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search