U.S. sells record amounts of 3-month, 6-month T-bills

NEW YORK Mon Feb 10, 2014 12:09pm EST

NEW YORK Feb 10 (Reuters) - The U.S. government on Monday sold record amounts of three-month and six-month debt at the highest interest rates on these maturities since October, prompted by worries it will be unable to increase its $16.7 trillion borrowing limit by late February.

In a similar replay four months ago, growing risk that Uncle Sam might delay its payments on its debt obligation drove Treasury bill rates to their highest levels since the global financial crisis.

On Monday, the Treasury Department said it would pay dealers and investors 0.095 percent on $42 billion of its three-month debt due on May 15.

It would pay 0.11 percent on $42 billion of six-month T-bills that mature on Aug. 14.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.