Bills Push the Debt’s Average Rate to 3.58%, a Level Last Seen in 2009

The average rate on U.S. interest-bearing federal debt reached 3.580% on October 31, the highest since April 2009, as Treasury bills topped 4% for the first time in a year.

The average rate on U.S. interest-bearing federal debt reached 3.580% on October 31, the highest since April 2009, as Treasury bills topped 4% for the first time in a year.