T-Bill Interest Rates Fall
Monday, September 11th 2000, 12:00 am
By: News On 6
WASHINGTON (AP) â€” Interest rates on short-term Treasury securities fell in Monday's auction.
The Treasury Department sold $9.5 billion in three-month bills at a discount rate of 5.945 percent, down from 6.065 percent last week. An additional $8.5 billion was sold in six-month bills at a rate of 5.955 percent, down from 6.030 percent.
The three-month rate was the lowest since July 10 when the bills sold for 5.900 percent. The six-month rate also was the lowest since July 10 when the rate was 5.945.
The new discount rates understate the actual return to investors â€” 6.121 percent for three-month bills with a $10,000 bill selling for $9,849.70 and 6.226 percent for a six-month bill selling for $9,698.90.