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RATES DECLINE ON 52-WEEK T-BILLS

Interest rates on 52-week Treasury bills fell in Thursday's action.

The Treasury Department sold $10.26 billion of the bills at an average discount rate of 7.52 percent, down from 7.65 percent at the last auction on May 31.

The new discount rate understates the actual return to investors -- 8.09 percent with a $10,000 bill selling for $9,237.60.

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