Summary
WASHINGTON - Interest rates on six-month Treasurys hit their lowest level on record and three-month bills their lowest point in 11 months in Monday's auction of T-bills.
The declines are good news for the government's efforts to hold down its borrowing costs - but bad news for savers who rely on interest income.See the full content of this document
Extract
Treasury Bill Yields Declining
The Treasury auctioned $30 billion in three-month bills at a discount rate of 0.040 percent, down from 0.065 percent last week. An additional $31 billion in six-month bills was auctioned...
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