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SECURITIES

From Times Staff and Wire Reports

Treasury Plans $38-Billion Auction: The Treasury Department will auction $38 billion in notes and bonds next week--its first quarterly borrowing since the Salomon Bros. scandal. The agency announced changes in the auction process after Salomon admitted breaking government rules to corner the market in certain securities. The sales next week will consist of $14 billion in three-year notes to be offered Tuesday, $12 billion in 10-year notes Wednesday and $12 billion in 30-year bonds Thursday.


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