The issue was initially priced at par to yield 22.5 basis points more than the prevailing rate on three-month Treasury bills.
Accordingly, Mr. D'Agostino said, if the interest rate being paid on the letter writer's security deposit is less than the prevailing rate for similar deposits in banks in the area, the tenant would probably be entitled to receive whatever the prevailing rate is.
"They get 3.5 percent-plus by putting it into their home," he added, referring to the prevailing rate nationwide on a 30-year fixed-rate loan.
And now with mortgage interest rates dropping below 7percentthethe Gills will probably get a better interest rate than 7.25percentt, depending on the bank's lowest prevailing rate when they close.
The couple's adoption loan, which was for $14,000 and was structured as a home equity loan, was for four years at a rate of around 12percentt -- about three percentage points above the prevailing rate on an average new-car loan.
In southern England, for instance, the prevailing rate for building craftsmen remained at sixpence a day for 120 years after 1412; for most of the 500 years after 1412, the building craftsman's rate was half again as great as the labourer's, or nearly so.
I believe that any ten-year Treasury yield beginning with the number "3″ (the prevailing rate is just under 4%) is too low.
Not to be outdone, Virgin America changed the start of the service, pushing it up to April and announced it would offer one-way $77 fares, or about half of the prevailing rate.
Assess the prevailing rate for babysitting services in your area.
"I negotiated a mortgage at a prevailing rate, a competitive rate.
The prevailing rate for it fluctuates between three and five dollars per forgery.
