Rates on US Treasury bills flat to higher in weekly auction
WASHINGTON — Interest rates on short-term Treasury bills were flat to higher in Monday’s auction, with six-month bills reaching their highest level in three weeks.
The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.490 percent, unchanged from last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.615 percent, up from 0.610 percent last week.
The six-month rate was the highest since those bills averaged 0.625 percent on Nov.