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WASHINGTON (AP) - Interest rates on short-term Treasury bills rose in Tuesday's auction to the highest levels since spring 2001.
The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.63 percent, up from 3.525 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 3.95 percent, up from 3.87 percent last week.
The three-month rate was the highest since three-month bills averaged 3.66 percent on May 7, 2001. The six-month rate was the highest since 4.06 percent on April 16, 2001.
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