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

Health-care consumers need to take the lead, so get smart

David Russian, CEO of Western Washington Medical Group, writes our third essay about fixing health care.

Robots on Wall Street: Slow-footed regulators lose ground

Watchdogs have to figure out how to check computers running lightening-fast algorithms.

More business, more competition for Everett kidney dialysis center

Nonprofit Puget Sound Kidney Centers sees large for-profit competitors enter state market.

Molina Medical holds fall carnival for families in Everett

Molina Medical is hosting a free event for families in the Everett… Continue reading

Leadership Snohomish County celebrates 20 years of service

Leadership Snohomish County is celebrating its 20th anniversary. The organization was launched… Continue reading

Snohomish, Monroe manufacturers honored for innovation, excellence

Two Snohomish County companies have been honored with Manufacturing Excellence awards at… Continue reading

Remodeled home tours planned this weekend

This weekend, Edmonds-based Chermak Construction will participate in the 2017 Remodeled Homes… Continue reading

Barron Heating to celebrate anniversary at Marysville showroom

Barron Heating and Air Conditioning is celebrating its 45th anniversary from 10… Continue reading

US budget deficit hits $666B, an $80B spike for the year

The deficit issue has largely fallen in prominence in Washington in recent years.

Most Read