BANKING & FINANCE - June 25, 1993
From Times Staff and Wire Reports
Treasury Rates Unchanged: Interest rates on 52-week Treasury bills were unchanged in Thursday’s auction. The average discount rate was 3.40%, the same as the last auction May 27. The bills will carry an equivalent coupon interest rate of 3.54%, with each $10,000 in face value selling for $9,656.20. Sales totaled $15.3 billion out of bids of $41.9 billion.
