April 1, 2019 / 6:34 PM / 4 months ago

U.S. 3-month bills sold at lowest interest rate since late January

NEW YORK, April 1 (Reuters) - The U.S. Treasury Department on Monday sold $45 billion of three-month government debt at an interest rate of 2.380 percent, which was the lowest rate at an auction of this bill maturity since Jan. 28.

The ratio of bids to the amount of three-month T-bills offered was 2.68, the weakest reading since Aug. 6. This gauge of overall auction demand was 2.87 at the previous three-month bill sale a week ago. (Reporting by Richard Leong Editing by Leslie Adler)

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