BANKING & FINANCE - Dec. 5, 1995
<i> Times Staff and Wire Reports</i>
T-Bill Interest Rates Fall: The Treasury Department sold $14 billion in three-month bills at an average discount rate of 5.29%, down from 5.32% last week. Another $14 billion was sold in six-month bills at an average discount rate of 5.19%, down from 5.25%. The three-month bill rate was the lowest since they sold for 5.22% on Oct. 23. The six-month bill rate was the lowest since they averaged 5.05% on Sept. 19, 1994. The rates understate the actual return to investors--5.45% for three-month bills, with a $10,000 bill selling for $9,866.30, and 5.42% for a six-month bill selling for $9,737.60. The average yield for one-year Treasury bills fell to 5.39% last week from 5.44% the previous week.
