BANKING & FINANCE - April 4, 1995
<i> Times Staff and Wire Reports</i>
Treasury Bill Rates Rise: The Treasury Department sold $12 billion of new three-month bills at an average discount rate of 5.76%, up from 5.64% last week. Another $12.2 billion of new six-month bills were sold at an average discount rate of 5.90%, up from 5.80%. The three-month bill rate was the highest since they sold for 5.77% on March 6. The new discount rates understate the actual return to investors: 5.94% for three-month bills, with a $10,000 bill selling for $9,854.40, and 6.18% for a six-month bill selling for $9,701.70. The discount rate reflects the price discount received when government securities are purchased at less than face value.
