US 3M T-bill yield jumps above 1 pct after auction

NEW YORK, March 24 (Reuters) - The yield on three-month U.S. Treasury bills jumped above 1 percent for the first time in three sessions on Monday after the government's $24 billion auction of this maturity fetched a high rate of 1.200 percent.

The three-month T-bill yield, which fell to its lowest in 50-plus years last week, was last quoted at 1.029 percent, up from 0.53 percent late on Thursday.

The U.S. bond market was closed on Friday.

(Reporting by Richard Leong, Editing by Chizu Nomiyama)