Massachusetts conducted its two recent bond deals at what state officials Tuesday called unprecedented low interest rates.

Last week’s $400 million general obligation bond sale with a total interest cost of 3.42%, and a $1.2-billion short-term revenue anticipation note sale at a borrowing cost of 9.8 basis points, or .098%, were the most highly competitive sales that commonwealth has seen in recent memory, according to Treasurer Steven Grossman and Secretary of Administration and Finance Jay Gonzalez.

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