BUSINESS NOTES NEW ANEMIA DRUG OK'D IN EUROPE.Byline: - Staff and Wire Services THOUSAND OAKS - The European Commission has approved Amgen's Aranesp for the treatment of anemia due to chronic kidney failure. Aranesp has been approved for administration once a week or once every two weeks. The drug stimulates bone marrow to increase the production of red blood cells. Broadband agrees to PTC financing WOODLAND HILLS - Broadband Capital Partners has signed a letter of intent with Physicians Total Care as the lead underwriter in a $3.4 million round. PTC is a pharmaceutical packager and wholesale distributor that has developed a drug dispensing system. The system enables doctors to dispense prescribed medications to patients while at the doctor's office. Broadband hasn't disclosed the amount of capital it plans on investing in PTC. Viacom president sets sights on NBC CHICAGO - Viacom already owns CBS, but that hasn't quenched company President Mel Karmazin's appetite for more. At the top on his wish list? NBC, General Electric's network. ``If GE decided that it wanted to hire an investment bank and sell NBC, we would absolutely love to receive one of the books and sit there and make a bid on it,'' Karmazin said Monday at the National Cable & Telecommunications Association meeting here. T-bill interest rate lowest in 7 years WASHINGTON - Interest rates on short-term Treasury securities Treasury securities Securities issued by the US Department of the Treasury. fell in Monday's auction to the lowest point in seven years. The Treasury Department sold $12.5 billion in three-month bills at a discount rate of 3.510 percent, down from 3.590 percent last week. An additional $11.5 billion was sold in six-month bills at a rate of 3.510 percent, down from 3.520 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Constant Maturity Used by the Federal Reserve Board to quote the yields on various treasury securities, adjusted to an equivalent maturity.Notes: By providing the constant maturity yields, the Fed allows investors to compare against securities with the same maturity date (such as corporate bonds).Constant maturity yields are often used by lenders to determine mortgage rates. Treasury bills Treasury bills Debt obligations of the US Treasury that have maturities of one year or less. Maturities for T-bills are usually 91 days, 182 days, or 52 weeks. Treasury bills are sold at a discount from face value and do not pay interest before maturity. The interest is the difference between the purchase price of the bill and the amount that is paid to you either at maturity (this amount is the face value) or when you sell the bill prior to maturity., the most popular index for making changes in adjustable rate mortgages, fell to 3.64 percent last week from 3.70 percent the previous week.
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