July 30, 2018 / 3:54 PM / in 3 months

U.S. pays highest rate on 3-month bills in over a decade

NEW YORK, July 30 (Reuters) - The U.S. Treasury Department on Monday sold $51 billion in three-month debt at interest rate of 2.000 percent, the most it paid dealers and investors at an three-month bill auction in more than a decade, Treasury data showed.

The government’s short-term borrowing costs have been rising on expectations of further rate increases from the Federal Reserve and projections of growing revenue shortfalls following a massive tax cut implemented last December. (Reporting by Richard Leong)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below