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.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.