Last Friday the Treasury issued Lm3 million in 91-day Treasury Bills maturing on September 26. The weighted average yield rate is 3.3770% per annum, resulting from a weighted average bid price of Lm99.1651. This rate is lower than that of the previous 91-day issue of June 20, which was 3.399%.

The Treasury also issued Lm26 million in 273-day Treasury Bills maturing on March 26, 2004. The weighted average yield rate is 3.3096% per annum, resulting from a weighted average bid price of Lm97.5844. This rate is lower that that of the previous 273-day issue of April 17, which was 3.4670%

Total Treasury Bills outstanding are Lm272,060,000.

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