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WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction with three-month bills dropping to the lowest level since late December.
The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 4.925 percent, down from 4.930 percent last week. An additional $15 billion in six-month bills was auctioned at a discount rate of 4.875 percent, down from 4.910 percent last week.
The three-month rate was the lowest since these bills averaged 4.875 percent on Dec. 26. The six-month rate was the lowest since these bills brought 4.855 percent three weeks ago.
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