Interest rates mixed at US Treasury weekly auction

WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills declining while rates on six-month bills were unchanged.

The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.000 percent, down from 1.015 percent last week. Another $33 billion in six-month bills was auctioned at a discount rate of 1.115 percent, unchanged from last week.

The three-month rate was the lowest-highest since those bills averaged 0.990 percent 10 weeks ago on June 12.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,974.44 while a six-month bill sold for $9,943.63.