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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States AT 8 June 29, 1979 R E SU L T S OF A U C T IO N OF 15-Y E A R 1-MONTH T R E A SU R Y B O N D S (B onds o f 1994) To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statem ent was issued by the Treasury Department; The Department of the Treasury has accepted $1,501 million of $2,784 million of tenders received from the public for the 15-year 1-month bonds auctioned today [June 27], The range of accepted competitive bids was as follows: Lowest yield...................... 8.78% Highest yield.....................8.83% Average yield.....................8.81% The interest rate on the bonds will be 8% . At the 8% rate, the above yields result in the following % % prices: Low-yield p ric e................................. 99.714 High-yield price............................... 99.302 Average-yield price ......................... 99.467 The $1,501 million of accepted tenders includes $88 million of noncompetitive tenders and $1,413 million of competitive tenders from private investors, including 57 percent of the amount of bonds bid for at the high yield. P aul A. V olcker , President.
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