Demand for US 3-month bill supply lowest since 2009

NEW YORK: Demand at a $45 billion auction of US three-month Treasury bill supply on Monday was the lowest since mid-2009, resulting in an interest rate of 1.355 percent that was the highest since Sept. 2008, Treasury data showed.

The ratio of bids to the record high amount of this T-bill maturity offered was 2.79, matching the level seen in June 2009. This measure of overall demand at a three-month bill sale was 2.99 a week earlier.