Interest Rates Rise in Treasury Bill Auction
The Treasury Department sold $18 billion in three-month bills at a discount rate of 0.890%, up from 0.875% last week. An additional $16 billion was sold in six-month bills at a rate of 0.955%, up from 0.950%.
The new discount rates understate the actual return to investors -- 0.907% for three-month bills with a $10,000 bill selling for $9,977.50 and 0.976% for a six-month bill selling for $9,951.70.
In a separate report, the Federal Reserve said the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 1.2% from 1.19% the previous week.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
