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U.S. 3M bill rate falls below 1 pct on safety bids

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  • U.S. 3M bill rate falls below 1 pct on safety bids

    http://www.reuters.com/article/bonds...00098220080317

    NEW YORK, March 17 (Reuters) - The interest rate on U.S. 3-month Treasury bills fell below 1 percent on Monday on intense safety bids for cash spurred by the ongoing global credit crunch.

    The three-month T-bill rate was last 0.85 pct, down 32 basis points from late Friday. Its yield was down by a similar increment to 0.87 pct. (Reporting by Richard Leong; Editing by Theodore d'Afflisio)
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