U.S. BILL AUCTION RATES AVERAGE 5.98, 6.08 PCT
  The U.S. Treasury said its weekly
  auction of three-month bills produced an average rate of 5.98
  pct, with a 6.08 pct rate on six-month bills.
      These rates compared with averages of 5.53 pct for the
  three- and 5.63 pct for the six-month bills sold last week.
      The bond-equivalent yield on three-month bills was 6.17
  pct. Accepted bids ranges from 5.92 to 5.99 pct and 60 pct of
  the bids at the high, or stopout rate, were taken. For six
  months, the yield was 6.38 pct and the bids ranged from 5.98
  pct to 6.10 pct with 48 pct of the bids accepted.
      The Treasury said it received 25.99 billion dlrs of bids
  for the three-month bills, including 1.2 billion dlrs in
  non-competitive bids from the public. It accepted 6.6 billion
  dlrs of bids, including 2.1 billion dlrs from the Federal
  Reserve and 180 mln dlrs from foreign and international
  monetary authorities.
      Some 24.7 billion dlrs in bids for six-month bills were
  received, including 832 mln dlrs in non-competitives. The
  Treasury accepted 6.6 billion dlrs, including 1.8 billion dlrs
  from the Fed and 1.2 billion dlrs from foreign and
  international authorities.
      The average price for the three-month bills was 98.488 and
  prices ranged from 98.504 to 98.486.  The average price for the
  six-months bills was 96.926, and prices ranged from 96.977 to
  96.916.
      The average yield on the three-month bills was the highest
  since 5.99 pct on June 30, 1986.  The average yield on the
  six-month bills was the highest since 6.13 pct on June 23,
  1986.