I’m wondering if it might be better to start charging people for us to hold their money.
WASHINGTON (AP) — Interest rates on short-term Treasury bills were unchanged to higher in Tuesday’s auction. The rate on three-month bills remained at the lowest level on record and the rate on six-month bills reached their highest level since late September.
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of zero percent, unchanged from last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.080 percent, up from 0.065 percent last week.
Because of the Columbus Day holiday on Monday that closed federal government agencies, this week’s auction was held Tuesday.
Short-term rates have been at ultra-low levels for a number of years,
The 0.080 percent rate for the six-month bill was…
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