September 5, 2017 / 5:17 PM / 18 days ago

U.S. 1-month bills sold at highest rate in 9 years

NEW YORK, Sept 5 (Reuters) - The U.S. Treasury Department on Tuesday sold $20 billion of one-month bills, which mature when the government might be out of cash if the debt ceiling is not raised by late September, at the highest interest rate in nine years.

The Treasury paid investors and dealers an interest rate of 1.300 percent on the latest one-month bill supply, which was the highest rate since 1.575 percent at an one-month T-bill sale on Sept. 9, 2008, Treasury data showed. (Reporting by Richard Leong; Editing by Chris Reese)

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