U.S. ONE-YEAR BILL YIELDS RATE OF 5.92 PCT
The U.S. Treasury said its auction of
9.76 billion dlrs of 52-week bills produced an average rate of
5.92 pct.
    The rate was up from 5.68 pct at the last auction of
one-year bills on March 12.
    At today's sale, the bond-equivalent yield was 6.30 pct. 
Accepted bids ranged from 5.88 pct to 5.93 pct and 80 pct of
bids at the high, or stopout, rate were taken.
    The Treasury received 26.7 billion dlrs of bids, including
554 mln dlrs in non-competitive bids from the public.
    The average price of the one-year bills was 94.014 and the
range was 94.055 to 94.004.
    The average rate of 5.92 pct was the highest since 5.98 pct
on July 8, 1986.
 Reuter
