November 29, 2016 / 4:50 PM / in a year

U.S. sells one-month T-bills at highest rate since 2008

NEW YORK, Nov 29 (Reuters) - The U.S. Treasury Department said on Tuesday it sold $45 billion in one-month bills at an interest rate of 0.365 percent, the highest since 0.440 percent at a one-month bill sale on Oct. 28, 2008, according to Treasury data.

The ratio of bids to the amount offered was 3.57, the highest since the 3.75 set at a one-month T-bill auction held Oct. 25.

Reporting by Richard Leong

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