Interest rates on three-month and six-month Treasury bills rose in Monday's auction.
The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.125 per cent, up from 0.075 per cent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.245 per cent, up from 0.165 per cent last week.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,996.84, while a six-month bill sold for $9,987.61. That would equal an annualized rate of 0.127 per cent for the three-month bills and 0.249 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, was 0.36 per cent last week, up from 0.33 per cent in the previous week
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.