August 5, 2019 / 3:56 PM / 3 months ago

U.S. sells 3-month bills at lowest interest rate in a year

Aug 5 (Reuters) - The U.S. Treasury Department on Monday sold $39 billion in three-month bills at an interest rate of 1.99%, the lowest at an auction for the government debt maturity since July 2018, Treasury data showed.

The ratio of bids to the amount of three-month bills offered came in at 2.88, down from last week’s 3.02 which was the highest since June 10. (Reporting by Richard Leong Editing by Tom Brown)

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