WASHINGTON | The interest rates on short-term Treasury bills fell Monday of the auction.

The Department of the Ministry of Finance will auction 24 billion U.S. dollars in three months of bills at a discount rate from 1520 percent, compared to 1610% in the last week. Another $ 23 million in six months of bills awarded at a discount rate of 1920 percent, compared to 1955% in the last week.

The three months is the lowest since 1420 bills per cent on average on 28 April. The six months the rate was the lowest since these bills percent in 1885 to an average of May 19.

The discount rates reflect that the bills sold under their face value. For a bill of 10000 dollars, the three months price was $ 9961.58, while a period of six months bill sold for $ 9902.93. This would lead to an annualized rate of 1547 percent for three months and 1966 bills per cent for the six months of the bills.

In addition, the Federal Reserve said on Monday this week that the average yield for one year of Treasury bills, an indication of popular changes in the height-adjustable mortgages fell to 2.21% in the last week of 2, 25 percent in the previous week.