February 27, 2018 / 4:44 PM / 8 months ago

U.S. sells 1-year T-bills at highest interest rate since 2008

NEW YORK, Feb 27 (Reuters) - The U.S. Treasury Department on Tuesday sold $22 billion in one-year bills at an interest rate 2.020 percent, which was the first time this maturity was sold above 2 percent since August 2008, Treasury data showed.

The Treasury also sold $60 billion of one-month bills at an interest rate of 1.495 percent, the highest rate at an auction since Sept. 2008. (Reporting by Richard LeongEditing by Chizu Nomiyama)

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