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Treasury bill yields dropped for the fifth time in six weeks at the regular weekly auction Monday, pulling rates to their lowest in nearly five years. The government sold $7 billion in three-month bills at an average discount of 7.28 percent, down from last week`s 7.69 percent. The same amount of six-month bills were sold at 7.43 percent, down from last week`s 7.90 percent. Both rates were the lowest since late June, 1980. The investment return for the three-month bills was 7.52 percent at a price of $9,816 per $10,000 face value and 7.83 percent for the six-month bills, sold for $9,624.40 per $10,000 face value.
