The U.S. Treasury Department sold $32 billion in three-month bills at a high discount rate of 0.145 percent. The Treasury also sold $30 billion in six-month bills at a high discount rate of 0.17 percent.
At last week's auction, the three-month bills drew a rate of 0.11 percent and the six-month bills drew a rate of 0.155 percent. The rate on the three-month bills was the highest since 0.15 percent Feb. 7. The rate on the six-month bills was the highest since 0.175 percent, also Feb. 7.
The return to investors is 0.147 percent for the three-month bills, with a $10,000 bill selling for $9,996.33. The return to investors is 0.173 percent for the six-month bills, with a $10,000 bill selling for $9,991.41.
Treasury bills, which represent short-term government borrowing, are sold at a discount from maturity value. The amount paid to investors at maturity reflects the difference between the price paid for a bill and the par value.
BLOOMBERG NEWS
