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This compared with an interest rate of 0.34 percent at the prior one-month bill sale last week.
The one-month T-bill sale came as the Federal Reserve was scheduled to meet on Tuesday and Wednesday where policy-makers have been widely expected to raise short-term interest rates by a quarter point to a target range of 0.50-0.75 percent.
The ratio of bids to the amount of one-month bills offered was 3.21, which the lowest since the one-month T-bill auction held in Aug. 23.