Business
Bulletins
01:00 AM EDT on Tuesday, August 26, 2008
•Markets
Dollar uneven: The dollar closed mixed against major currencies yesterday in New York, ending at 109.35 Japanese yen, down from Friday’s close of 110.03 yen. The euro closed at 3:30 p.m. at $1.4756, down from $1.4775.
Metals slip: Gold for current delivery closed at $819.80 a troy ounce on the New York Mercantile Exchange, down from Friday’s close of $827.40. Silver closed at $13.365 an ounce, down from $13.470.
Fuels mixed: October light, sweet crude oil rose 52 cents to $115.11 a barrel on the New York Mercantile Exchange. October heating oil rose 2.03 cents to $3.1514 a gallon. September gasoline rose 1.37 cents to $2.8823 a gallon. September natural gas fell 1.8 cents to $7.825 per 1,000 cubic feet.
Treasury securities: The Treasury Department yesterday auctioned $28 billion in three-month bills at a discount rate of 1.71 percent, down from 1.85 percent last week. Another $27 billion in six-month bills was auctioned at a discount rate of 1.925 percent, down from 1.98 percent last week. The three-month rate was the lowest since the bills averaged 1.695 percent on July 28. The six-month rate was the lowest since 1.92 percent on Aug. 4. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,956.30, while a six-month bill sold for $9,902.68. That would equal an annualized rate of 1.741 percent for the three-month bills, and 1.971 percent for the six-month bills. Separately, the Federal Reserve said yesterday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, dropped to 2.12 percent last week from 2.18 percent the previous week.
Associated Press
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