ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, April 5, 1994                   TAG: 9404050153
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

T-BILL RATES AT 2-YEAR HIGH

The Treasury Department on Monday sold $12.7 billion in three-month bills at an average discount rate of 3.71 percent, up from 3.5 percent last week. Another $12.6 billion was sold in six-month bills at an average discount rate of 4.02 percent, up from 3.85 percent last week.

The three-month bill rate was the highest since the bills sold for 3.75 percent on June 1, 1992. The rate for six-month bills was the highest since it averaged 4.19 percent on March 30, 1992.

The Federal Reserve said the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 4.46 percent last week from 4.36 percent the previous week.

- Associated Press 


 by CNB