Path: bloom-picayune.mit.edu!enterpoop.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, 25 Nov 92 07:05:17 EST Message-ID: Lines: 20 HEADLINE: BANKING & FINANCE Publication Date: Tuesday November 24, 1992 BYLINE: T-Bill Rates Up to Highest Level Since June: The Treasury sold $11.9 billion of new three-month bills at an average discount rate of 3.27%, up from 3.13% last week. An additional $11.8 billion of new six-month bills was sold at an average discount rate of 3.45%, up from 3.37% last week. The three-month bill rate was the highest since they sold for 3.59% on June 29. The six-month rate was the highest since 3.66% on June 29. The new discount rates understate the actual return to investors--3.34% for three-month bills, with a $10,000 bill selling for $9,918.30, and 3.56% for a six-month bill selling for $9,826.50. 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