by YAHOO! SEARCH
Interest rates at record low for 6-month Treasury bills
Published:October 14, 2009, 6:51 AM
Key Links
Updated: August 21, 2010, 2:31 AM
WASHINGTON( AP)—Interest rates on six-month Treasury bills remained at a record low, while rates on three-month bills dipped to the lowest level since December.
The Treasury Department auctioned $30 billion in six-month bills at a discount rate of 0.150 percent, unchanged from last week when they had declined from the previous record of 0.190 percent. Since late August, the bills have been at levels not seen during the last half-century that the government has been issuing them on a weekly basis.
The rate for three-month bills dropped to 0.070 percent, down from 0.075 percent last week and the lowest level since 0.050 percent on Dec. 29. The government sold $30 billion in three-month bills.
The discount rates reflect that the Treasury bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.23, while a six-month bill sold for $9,992.42. That would equal an annualized rate of 0.071 percent for the three-month bills, and 0.152 percent 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, fell to 0.36 percent last week from 0.39 percent the previous week.
advertisement
The Feed / What’s Happening Now
Good morning, Buffalo
Gingrich acts to divide
Catholic institutions here cover birth control
Sabres show some gumption in beating Bruins
Woman, 24, found dead in car
Police raids target massive drug ring
Bills hire a quarterback mechanic in Lee
Answers to the many questions in Le Roy
Sabres find the missing ingredients
Lady Justice’s blindfold gets thrown away
Ruff to remain in press box for awhile
Stay Informed
Newsroom Tips
Have a news tip you think The Buffalo News should investigate?
Call The News tip line at 849-4475 or email us at investigations@buffnews.com.
All calls and emails will be kept confidential.
Buffalo Marketplace
Marketplace videos
Watch the latest offers, products and services from our advertisers.
Browse our print ads
It's the ultimate advantage for Buffalo consumers. Never miss another ad again!
Buffalo Savers: coupons
Buffalo coupons at your fingertips.
Just click and print. It's Easy!

