Treasury auction resumesThe Treasury Department resumed...

BUSINESS DIGEST

April 07, 1993

Treasury auction resumes

The Treasury Department resumed the auction of securities yesterday with the sale of 52-week and 15-day bills. The bill sales followed congressional action Monday night increasing the statutory limit on the national debt from $4.145 trillion to $4.37 trillion, through Sept. 30.

Interest rates on 52-week Treasury bills, originally scheduled to be sold April 1, rose to an average discount rate of 3.24 percent -- the highest level since February.

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