NEW YORK Dec 13 The U.S. Treasury Department on Tuesday sold $45 billion of one-month bills at an interest rate of 0.480 percent, which was the highest for this debt maturity at an auction since October 2008, Treasury data showed.
This compared with an interest rate of 0.34 percent at the prior one-month bill sale last week.
The one-month T-bill sale came as the Federal Reserve was scheduled to meet on Tuesday and Wednesday where policy-makers have been widely expected to raise short-term interest rates by a quarter point to a target range of 0.50-0.75 percent.
The ratio of bids to the amount of one-month bills offered was 3.21, which the lowest since the one-month T-bill auction held in Aug. 23. (Reporting by Richard Leong; Editing by Chizu Nomiyama)
China CITIC Bank to provide Hongqiao Group with $2.9 bln credit line
HONG KONG, June 28 China CITIC Bank said on Wednesday it has agreed to provide a 20 billion yuan ($2.9 billion) credit line to China's and the world's largest aluminium producer, Hongqiao Group, for the next two years.