U.S. sells record amount one-month T-bills

November 8, 2016 11:44 AM EST

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

NEW YORK (Reuters) - The U.S. Treasury Department on Tuesday sold a record $65 billion of one-month bills at an interest rate of 0.270 percent, which was the highest level since Aug. 23, Treasury data showed..

The ratio of bids to the amount of one-month T-bills offered was 3.39, which was the lowest in four weeks.

The Treasury also auctioned $20 billion of one-year bills, paying investors an interest rate of 0.695 percent which was the highest since December.

The bid-to-cover ratio at the latest one-year bill sale was 3.35, which was the weakest since March.

(Reporting by Richard Leong)

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment