The US Treasury Department’s auction resulted in selling one block of $27 billion in three-month bills, at a discount rate of 0.065 percent, down 0.130 percent from last week. The Treasury Department sold another $27 billion in six-month bills at a discount rate of 0.150 percent compared to 0.210 percent last week.
The three-month rate was the lowest since these bills averaged 0.055 percent on Jan. 25. The six-month rate was the lowest since they averaged 0.135 percent, also on Jan. 25.
Falling rates would typically discourage investment in Treasury bills. But they also offer investors low risk, making them attractive for people seeking a safe place for their money during turbulent times.
Source: Associated Press
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012