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Interest rates on short-term Treasury securities declined sharply in Monday`s auction. The Treasury Department sold $6.6 billion in three-month bills at an average discount rate of 5.53 percent, down from 5.72 percent last week. An additional $6.6 billion was sold in six-month bills at an average discount rate of 5.63 percent, down from 5.80 percent last week. The rates were the lowest since three-month bills averaged 5.47 percent March 2.
