October 16, 2017 / 4:06 PM / a month ago

U.S. to sell most 1-month T-bill since August

NEW YORK, Oct 16 (Reuters) - The U.S. Treasury Department said it will sell $40 billion of one-month bills on Tuesday, which will be highest weekly supply of this government debt maturity since the $45 billion auctioned on Aug. 8.

In the “when-issued” market, traders expected the latest one-month issue to sell at an interest rate of 1.015 percent, matching the level sold at the prior auction last week. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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