UpInArms
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Thu Oct-13-05 10:20 AM
Response to Reply #32 |
60. Check-Kiting: U.S. Treasury Dept to sell $34 bln bills on Monday |
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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-10-13T150044Z_01_WAT004170_RTRIDST_0_ECONOMY-BILLS-URGENT.XMLWASHINGTON, Oct 13 (Reuters) - The U.S. Treasury Department said on Thursday it will sell $18 billion of three-month bills and $16 billion of six-month bills on Monday, Oct. 17.
The bills will be issued on Thursday, Oct. 20.
Proceeds from the sale will be used to refund an estimated $31.95 billion of publicly held 13- and 26-week bills maturing Oct. 20 and to raise about $2.05 billion of new cash.
The three-month bills mature on Jan. 19, while the six-month bills mature on April 20.
Treasury said $5.40 billion of the three-month bills can be excluded when bidders calculate their net long positions. The net long reporting threshold for the three-month bills is $6.30 billion and for the six-month bills it is $5.60 billion.
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