ECONOMY
From Times Staff and Wire Reports
Treasury Bill Rates Rise: Interest rates on 52-week Treasury bills rose in auction to the highest level in three months. The average discount rate was 6%, up from 5.73% at the last auction May 30. It was the highest rate since 52-week bills averaged 6.06% March 7. The bills will carry an equivalent coupon interest rate of 6.39%, with each $10,000 in face value selling for $9,395. Sales totaled $12.66 billion out of bids of $46.91 billion.
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