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Bonds News

U.S. 1-month bill yields jump after dismal auction

NEW YORK, Sept 5 (Reuters) - The yields on U.S. Treasury bills turned higher on Tuesday after a dismal auction where investors fretted whether to buy a T-bill issue that matures about the time when the government might be out of cash if the debt limit is not raised in late September.

The latest one-month bill issue that matures on Oct. 5 fetched a yield of 1.300 percent, which was above the yield of 1.290 percent on two-year Treasury notes in the open market, Reuters data showed. (Reporting by Richard Leong; Editing by James Dalgleish)

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