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Title 31 → Subtitle B → Chapter II → Subchapter A → Part 363 → Subpart D → §363.136 |
Title 31: Money and Finance: Treasury
PART 363—REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT
Subpart D—Zero-Percent Certificate of Indebtedness
§363.136 Do zero-percent certificates of indebtedness pay interest?
Zero-percent certificates of indebtedness do not pay any interest. However, the Secretary may prescribe a rate of interest, or change the interest rate, for zero-percent certificates of indebtedness by announcement at any time. The new rate would apply to zero-percent certificates of indebtedness issued thereafter, as provided in the announcement. The Secretary's determination of the rate will be final.