Rates in Treasury auction rise to highest level since 2008
WASHINGTON — Interest rates on short-term Treasury bills rose to the highest levels in almost nine years in Monday’s auction. The Treasury department auctioned $39 billion in three-month bills at a discount rate 1.05 percent, up from 1.00 percent last week. Another $33 billion in six-month bills was auctioned at a discount rate of 1.13