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.
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