One-Year T-Bill Rates Fall: Interest rates on...
From Times Staff and Wire Service Reports
One-Year T-Bill Rates Fall: Interest rates on 52-week Treasury bills fell at the latest auction. The Treasury sold $9.8 billion of new bills at an average discount rate of 7.72%, down from 7.76% at the last comparable auction on March 8. The rates were the lowest since Feb. 13, when the one-year bills sold for 7.42%. The new discount rate understates the actual return to investors--8.32%, with a $10,000 bill selling for $9,219.40.
