MEMO
[Daily News, March 19, 1996] Rates Rise: Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury department sold $13.5 billion in three-month bills at an average discount rate of 5.02 percent, up from 4.95 percent last week. Another $13.5 billion in six-month bills was sold at an average discount rate of 5.06 percent, up from 5.00 percent. The new discount rates understate the actual return to investors - 5.16 percent for three-month bills with a $10,000 bill selling for $9,973.10 and 5.26 percent for a six-month bill selling for $9,744.20.
more to come
Last updated March 19, 1996.