Treasury Bill Rates Hit 5.32 Percent

Interest rates on 52-week Treasury bills rose in Thursday’s auction to the highest level since last August.

The average discount rate was 5.32 percent, up from 5.30 percent at the last auction on April 25. It was the highest rate since 52-week bills averaged 5.55 percent Aug. 17.

The bills will carry an equivalent coupon interest rate of 5.62 percent with each $10,000 in face value selling for $9,462.10.