Short-Term Rates Are Highest Since 2001
- Share via
The Treasury Department auctioned $15 billion in three-month bills at a discount rate of 4.74%, up from 4.69% last week. An additional $14 billion in six-month bills was auctioned at 4.83%, up from 4.78% last week.
The three-month rate was the highest since Feb. 20, 2001, when it averaged 4.91%. The six-month rate was the highest since Jan. 29, 2001, when it was 4.84%.
The rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,880.18, and a six-month bill sold for $9,755.82.
Separately, the Federal Reserve said the average yield for one-year Treasury bills rose to 4.98% last week from 4.94% the previous week.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
