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A f G ifte d FOR IMMEDIATE RELEASE April 2, 1980 RESULTS OF AUCTION OF 15-YEAR 1-MONTH TREASURY BONDS The Department of the Treasury has accepted $1,501 million of $3,875 million of tenders received from the public for the 15-year 1-month bonds auctioned today. The range of accepted competitive bids was as follows: Lowest yield Highest yield Average yield 12.60% 12.72% 12.69% The interest rate on the bonds will be 12-5/8%* the above yields result in the following prices: At the 12-5/8% rate, Low-yield price 100.092 High-yield price 99.293 Average-yield price 99.492 The $1,501 million of accepted tenders includes $216 million of noncompetitive tenders and $1,285 million of competitive tenders from private investors, including 79% of the amount of bonds bid for at the high yield. [Ref. Cir. No. 8778]
@FedFRASER