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WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Monday's auction with the rate on three-month bills rising to the highest level in nearly five years while rates on six-month bills declined slightly.
The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 4.150 percent, up from 4.070 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 4.250 percent, down from 4.265 percent last week.
The three-month rate was the highest since three-month bills averaged 4.200 percent on March 26, 2001. The six-month rate was the lowest since Dec. 27 when six-month bills averaged 4.200 percent
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