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i ATS733 January 8, 1980 RESULTS OF AUCTION OF 15-YEAR 1-MONTH TREASURY BONDS (Bonds of 1995) To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was issued by the Treasury Department: The Department of the Treasury has accepted $1,501 million of $3,724 million of tenders received from the public for the 15-year 1-month bonds auctioned today [January 3], The range of accepted competitive bids was as follows: Lowest yield . Highest yield. Average yield 10.58%! 10.61% 10.60% 'Excepting one tender of $20,000. The interest rate on the bonds will be 10-1/2%. At the 10-1/2% rate, the above yields result in the following prices: Low-yield price__ High-yield price ... Average-yield price 99.352 99.130 99.204 The $1,501 million of accepted tenders includes $85 million of noncompetitive tenders and $1,416 million of competitive tenders from private investors, including 45 percent of the amount of bonds bid for at the high yield. / T homas M. T im l e n , First Vice President * \ /
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