August 21, 2017 / 3:56 PM / a month ago

U.S. sells 3-month bills at lowest rate in eight weeks

NEW YORK, Aug 21 (Reuters) - The U.S. Treasury Department on Monday sold $39 billion of three-month bills at an interest rate of 1.000 percent, matching the level set a three-month sale eight weeks ago, Treasury data showed.

A week ago, the Treasury sold three-month T-bills at an interest rate of 1.015 percent.

The ratio of bids to the amounts of three-month bills offered was 3.11, the lowest in a month and lower than the 3.52 recorded last week. (Reporting by Richard Leong; Editing by Marguerita Choy)

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