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WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels in a month.
The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 4.495 percent, down from 4.545 percent last week. Another $15 billion in six-month bills was auctioned at a discount rate of 4.600 percent, down from 4.610 percent last week.
The three-month rate was the lowest since three-month bills averaged 4.450 percent on Feb. 21. The six-month rate was the lowest since Feb. 27 of this year when they averaged 4.580 percent.
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