BANKING & FINANCE - May 1, 1992
From Times Staff and Wire Reports
One-Year T-Bill Rates Lower: Interest rates on 52-week Treasury bills fell at auction to 4.20%, down from 4.34% at the last auction on April 2. It was the lowest rate since 52-week bills averaged 4.01% on Feb. 6. The bills will carry an equivalent coupon interest rate of 4.40% with each $10,000 in face value selling for $9,575.30. Sales totaled $13.76 billion out of bids of $32.75 billion.