T-Bill Rates Rise: The Treasury Department sold...
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From Times Staff and Wire Service Reports
T-Bill Rates Rise: The Treasury Department sold $7.6 billion of new three-month bills at an average discount rate of 7.80%, up from 7.65% last week. Another $7.6 billion of new six-month bills were sold at an average discount rate of 7.77%, also up from 7.65% last week. The new discount rates understate the actual return to investors--8.07% for three-month bills with a $10,000 bill selling for $9,802.80 and 8.20% for a six-month bill selling for $9,607.20.
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