And this could mean another cut in the discount rate within the next few months.
For whatever reason, people act as if they have very high discount rates.
The discount rate had been at 6 percent since October 1989.
The cut in the discount rate will take effect Monday.
The discount rate has not reached 7 percent since April 1986.
The notes were sold at an average discount rate of 6.22 percent.
The discount rate, now 2.5 percent, is generally the floor for money market rates.
With the same discount rate the prime is now 6.5 percent.
The discount rate was raised and, within days, the stock market hit what remains its record high.
The discount rate has stood at 5.5 percent since last August.
