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		Home Page News You Can Use Short-term T-bill rates dip By Associated Press, 2/18/2004 WASHINGTON -- Interest rates on short-term Treasury securities fell in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 0.915 percent, down from 0.920 percent last week. An additional $17 billion was sold in six-month bills at a rate of 0.975 percent, down from 0.990 percent. Both the three-month rate and the six-month rate were the lowest since Jan. 26, when they sold for 0.890 percent and 0.955 percent respectively. The new discount rates understate the actual return to investors -- 0.931 percent for three-month bills with a $10,000 bill selling for $9,976.90 and 0.996 percent for a six-month bill selling for $9,950.70. Separately, the Federal Reserve said the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 1.24 percent last week from 1.28 percent the previous week.   Back to Original Article: News You Can Use   Continue with: Dollar Down Across Board Two banks offering small businesses free checking Who are those guys? Google expands Web index as Yahoo begins to cut ties with longtime partner Small-Caps Still a Good Long-Term Buy World economic climate best since '00-Ifo/ICC poll Econ Team Argues Bush Policies To Create Jobs Japan economy surges in Oct-Dec on strong exports Unchecked euro rise would hit recovery-German banks
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