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WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction, with the six-month bill dropping to the lowest level since mid-June.
The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 4.960 percent, down from 4.975 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 4.970 percent, down from 4.975 percent last week.
The three-month rate was the lowest since these bills were at 4.925 percent on July 10. The six-month rate was the lowest since 4.925 percent on June 12.
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