Interest rates for short-term Treasury bills rise

Herald staff

WASHINGTON — Interest rates on short-term Treasury bills rose in Monday’s auction.

The Treasury Department auctioned three-month bills at 6.180 percent and six-month bills at 6.075 percent.

The new discount rates understate the return: 6.365 percent for three-month bills, with a $10,000 bill selling for $9,843.80, and 6.354 percent for a six-month bill selling for $9,692.90.

The average yield for one-year T-bills, the most popular index for changing adjustable rate mortgages, rose to 6.01 percent from 5.94 percent the previous week.

  • Money talk: Snohomish County public radio station KSER (90.7 FM) will feature three financial experts today at 4:30 p.m. They are financial planner Eric Smith, who will talk about socially responsible investing; Frank Russell Co. analyst Mark Eibl, who will discuss market trends; and newsletter editor Randall Williams-Gurian on the high-tech meltdown.

  • Monday prices: Gold sold for $264.75 a troy ounce, silver sold for $4.775 and platinum sold for $569.20.

  • Starbucks in Everett: Starbucks opened a new store Monday at 2823 Colby Ave. in downtown Everett.

  • Golf Savings expands in Mountlake Terrace: Golf Savings Bank has opened its second full-service office, this one at the corporate headquarters at 6505 218th St. SW in Mountlake Terrace. The bank, formerly Lynnwood Mortgage Corp., has another full-service office in Everett and four mortgage offices.

  • Dania opens in Lynnwood: Dania Furniture will open a new store in Lynnwood Saturday. A grand opening celebration will be held Saturday and Sunday at the 55,000-square-foot store at 19801 40th Ave. W. near Alderwood Mall.

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