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

November 8, 2016 11:44 AM EST

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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)



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