In Monday's auction, the interest rates of short-term Treasury Bills have declined. The Treasury Department has auctioned $31 billion in three-month bills at a discount rate of 0.150 percent, decreasing from the 0.175 last week. Additionally, $31 billion in six-months bills were also auctioned at a discount rate of 0.290 percent, decreasing from the 0.300 percent last week. The three-month rate was the lowest since these bills averaged 0.135 percent on April 27. The six-month rate was the same on Jan. 12. The discount rates show that the bills sell for less than face value. The Federal Reserve says the average yield for one-year Treasury bills, which is a common index for making adjustable-rate mortgages, increased to 0.49 percent last week, higher from 0.47 percent last week.
I chose this article because I don't really know anything about Treasury Bills and I didn't even know they are sold. I started reading the article and then I was curious how much they sold for and how much they are worth.
Yes, I agree with this article. I don't really know what Treasury Bills are used for, but I guess its a good thing they are getting sold. The prices and percents are so important, so I guess this is a big deal.
Yes, I do think the information is presented fairly. The article is kind of short, but I still think the writer wrote a good article. The writer gave me all of the percents, kind of bills, and how much the bills went for. The writer also told me what the Federal Reserve said and has recorded.
Yes, I would use this news source again. This website has the most interesting articles.
i dont know what this article is talking about!
ReplyDeleteSabrina, T-bills or T-notes are government debt. They're generally purchased by institutional investors or foreign countries (like China). The higher the interest rate, the more worried purchasers are about the economy and government budget.
ReplyDeleteGrade: 10/10
Deishnae, It is rather technical.
Grade: 2/2