Rates rise at weekly U.S. Treasury bill auction

Interest rates on short-term Treasury bills rose in Wednesday’s auction, though they remained at historically low levels.

The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.085 percent, up from 0.04 percent last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.13 percent, up from 0.09 percent last week.

The three-month rate was the highest since those bills averaged 0.09 percent on Dec. 10. The six-month rate was the highest since those bills averaged 0.135 percent, also on Dec. 10.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,997.85, while a six-month bill sold for $9,993.43. That would equal an annualized rate of 0.086 percent for the three-month bills and 0.132 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, was 0.15 percent last week, the same as the previous week.

More in Herald Business Journal

Snohomish County’s campaign to land the 797 takes off

Executive Dave Somers announced the formation of a task force to urge Boeing to build the plane here.

A decade after the recession, pain and fear linger

No matter how good things are now, it’s impossible to forget how the collapse affected people.

Under cloud of ethics probes, Airbus CEO Enders to step down

He leaves in 2019 after 14 years. Meanwhile, aircraft division CEO Fabrice Bregier leaves in February.

For modern women, 98-year-old rejection letters still sting

In a stark new video, female Boeing engineers break the silence about past inopportunity.

Drone’s ease piercing of NY ‘no-fly’ zone underscores risks

An Army Black Hawk helicopter suffered damage to one of its rotor blades, but was able to land safely.

Tax reform needs the public’s input on spending priorities

The GOP tax plan is a good idea, but the next step should give us a voice on how taxes are spent.

Commentary: GM, Boeing fight a war of words over Mars

Boeing is strongly signaling how crucial deep-space exploration is to its future.

Disney buying large part of 21st Century Fox in $52.4B deal

Before the buyout, 21st Century Fox will spin off the Fox network, stations and cable channels.

Angel of the Winds pays $3.4M for Everett arena naming rights

The casino replaces Xfinity as the lead sponsor for the publicly owned downtown Everett events center.

Most Read