WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday's auction with rates on three-month Treasury bills rising to the highest level in two years.
The Treasury Department auctioned $35 billion in three-month bills at a discount rate of 0.125 percent, up from 0.115 percent last week. Another $30 billion in six-month bills was auctioned at a discount rate of 0.135 percent, up from 0.130 percent last week.
The three-month rate was the highest since three-month bills averaged 0.145 percent on Feb. 28, 2011. The six-month rate was the highest since those bills averaged 0.140 percent on Dec. 3.
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