U.S. BILL AUCTION RATES AVERAGE 5.63, 5.59 PCT

  The U.S. Treasury said its weekly
  auction of three-month bills produced an average rate of 5.63
  pct, with a 5.59 pct rate on six-month bills.
      These rates compared with averages of 5.47 pct for the
  three- and 5.51 pct for the six-month bills sold last week.
      The bond-equivalent yield on three-month bills was 5.81
  pct. Accepted bids ranges from 5.61 pct to 5.64 pct and 29 pct
  of the bids at the high, or stopout rate, were taken. For six
  months, the yield was 5.85 pct and the bids ranges from 5.56
  pct to 5.60 pct with 30 pct of the bids accepted.
      The Treasury said it received 30.9 billion dlrs of bids for
  the three-month bills, including 1.0 billion dlrs in
  non-competitive bids from the public. It accepted 6.6 billion
  dlrs of bids, including 2.2 billion dlrs from the Federal
  Reserve and 9.1 mln dlrs from foreign and international
  monetary authorities.
      Some 25.7 billion dlrs in bids for six-month bills were
  received, including 785 mln dlrs in non-competitives. The
  Treasury accepted 6.6 billion dlrs, including 1.9 billion dlrs
  from the Fed and 942 mln dlrs from foreign and international
  authorities.
      The average price for the three-month bills was 98.577 and
  prices ranged from 98.574 to 98.582.  The average price for the
  six-months bills was 97.174, and prices ranged from 97.169 to
  97.189.
      The average yield on the three-month bills was the highest
  since 5.66 pct on Feb 17. The average yield on the six-month
  bills was the highest since 5.70 pct on Feb 17.
  

