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That is because the rate on a one-year Treasury bill is now about 1.25percentt.
This rate is less than one fourth of the rate on HMNZT Tahiti.
The rate on the six-month issue 0.99percentt.
The rate on the four-week issue was 0.12percentt.
The rate on the six-month issue 0.19percentt, and the rate on the four-week issue was 0.02percentt.
But Libor didn't always determine the rate on A.R.M.'s.
"The rate on this bond is nowhere near good enough.
But it's above the rate on UK bonds (2.17%) and way above the rate on US bonds (1.88%).
The rate on the six-month issue 0.18 percent, and the rate on the four-week issue was 0.06 percent.
The rate on the six-month issue was 0.11 percent, and the rate on the four-week issue was 0.02percent.
The rate on the six-month issue was at 0.95percentt, and the rate on the four-week issue at 0.87percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com