NEW YORK: The US Treasury Department on Monday sold $30 billion in three-month bills at an interest rate of 0.135 percent, which was the highest since February 2011, Treasury data showed.
The ratio of bids to the amount offered was 3.31, which was the lowest since 3.13 at a three-month bill sale on Oct. 15, 2013.
A week ago, the Treasury auctioned three-month bills supply at an interest rate of 0.110 percent and a bid-to-cover ratio of 3.31.
Meanwhile, the Treasury auctioned $28 billion of six-month bills at an interest rate of 0.34 percent, which was the highest since June 2009.
Last week, it sold $26 billion of six-month debt supply at an interest rate of 0.285 percent.
The bid-to-cover ratio at the latest six-month T-bill auction was 3.69, down from prior week's 3.75.
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