Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: BANKING & FINANCE Date: Wed, 4 Nov 92 06:47:12 EST Message-ID: HEADLINE: BANKING & FINANCE Publication Date: Tuesday November 3, 1992 BYLINE: T-Bill Rates Rise: The Treasury sold $11.8 billion of new three-month bills at an average discount rate of 3.05%, up from 2.97% last week. Another $11.8 billion of new six-month bills was sold at an average discount rate of 3.27%, up from 3.22% last week. The three-month bill rate was the highest since they sold for 3.17% on Aug. 31. The six-month bill rate was the highest since they averaged 3.30% on Aug. 3. The new discount rates understate the actual return to investors--3.12% for three-month bills with a $10,000 bill selling for $9,922.90 and 3.37% for a six-month bill selling for $9,834.70. The discount rate reflects the price discount received when government securities are purchased at less than face value. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM