Markets

US sells one-month T-bills at lowest rate since December

Published May 3, 2016 Updated May 3, 2016 04:35pm

1 min

By Shoaib Ur Rehman

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NEW YORK: The US Treasury Department on Tuesday sold $40 billion of one-month bills at an interest rate of 0.17 percent, which was the lowest level since a one-month T-bill auction held on Dec. 29, Treasury data showed.

Last week, the Treasury sold $35 billon of one-month T-bills at an interest rate of 0.190 percent.

The ratio of bids to the amount offered at the latest one-month bill sale was 3.63, lower than 3.83 the previous week.

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