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WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction with six-month bills dropping to the lowest level in six months.
The Treasury Department auctioned $13 billion in three-month bills at a discount rate of 4.835 percent, down from 4.865 percent last week. Another $12 billion in six-month bills was auctioned at a discount rate of 4.835 percent, down from 4.865 percent last week. The rates on both the three-month and six-month bills for this week and last week were the same.
The three-month rate was the lowest since three-month bills averaged 4.825 percent on Dec. 18. The six-month rate was the lowest since Oct. 2 when the six-month bill was at 4.825 percent, the same low-point as the three-month bill.
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