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Yields increase on Treasury bills

2/3/2004

WASHINGTON (AP) - Interest rates on short-term Treasury securities rose in Monday's auction.

The Treasury Department sold $19 billion in three-month bills at a discount rate of 0.920 percent, up from 0.890 percent last week.

An additional $17 billion was sold in six-month bills at a rate of 1.000 percent, up from 0.955 percent.

The new discount rates understate the actual return to investors - 0.939 percent for three-month bills with a $10,000 bill selling for $9,976.70, and 1.023 percent for a six-month bill selling for $9,949.40.

 

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