One-Year T-Bill Rates Fall: Interest rates on...
From Times Staff and Wire Reports
One-Year T-Bill Rates Fall: Interest rates on 52-week Treasury bills fell to the lowest level since June, 1988. The Treasury sold $9.75 billion of new bills at an average discount rate of 7.14%, down from 7.17% at the last auction Nov. 16. The rates were the lowest since June 30, 1988, when the one-year bills sold for 7.04%. The new discount rate understates the actual return to investors--7.66%, with a $10,000 bill selling for $9,278.10.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
