BANKING & FINANCE - Aug. 8, 1995
<i> Times Staff and Wire Reports</i>
T-Bill Rates Barely Move: Interest rates on short-term Treasury securities were mixed in Monday’s auction. The Treasury Department sold $12.7 billion in three-month bills at an average discount rate of 5.41%, down from 5.44% last week. Another $12.7 billion was sold in six-month bills at an average discount rate of 5.40%, up from 5.39%. The three-month bill rate was the lowest since they sold for 5.40% on July 10. The six-month bill rate was the highest since they averaged 5.46% on July 24. Separately, the Federal Reserve Board said Monday that the average yield for one-year Treasury bills, the most popular index for making changes in adjustable-rate mortgages, fell to 5.68% last week from 5.72% the previous week.
