T-bill rates mixed

Oakland Tribune, Aug 17, 2004

Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills unchanged while rates on six- month bills rose to the highest level in two weeks. The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 1.47 percent, the same as last week. Another $17 billion in six-month bills was auctioned at a discount rate of 1.725 percent, up from 1.665 percent last week. It was the highest level for the six- month bill since it averaged 1.735 percent on Aug. 2. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills edged down to 1.99 percent last week from 2.07 percent the previous week.

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