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Average discount rate

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Average discount rate
Purchasers tender their competitive bids on a discount rate basis. The weighted, or adjusted mean of all bids accepted in Treasury bill auctions.

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5 billion in three-month bills at an average discount rate of 6.
The average discount rate (IRR) inched up 1 basis point to 11.
The Treasury Department sold $8 billion in three-month bills at an average discount rate of 4.
 
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