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Reply #64: U.S. Treasury to sell $40 bln bills on Monday
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UpInArms
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Thu Mar-09-06 11:13 AM
Response to Reply #13 |
64. U.S. Treasury to sell $40 bln bills on Monday |
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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-09T160156Z_01_WBT004939_RTRIDST_0_ECONOMY-BILLS-URGENT-T.XMLWASHINGTON, March 9 (Reuters) - The U.S. Treasury Department said on Thursday it will sell $21 billion of three-month bills and $19 billion of six-month bills on Monday, March 13.
The bills will be issued on Thursday, March 16.
Proceeds from the sale will be used to refund an estimated $32.68 billion of publicly held 13- and 26-week bills maturing March 16 and to raise about $7.32 billion of new cash. Also maturing is an estimated $16 billion of publicly held 4-week Treasury bills, the disposition of which will be announced March 13.
The three-month bills mature on June 15, while the six-month bills mature on Sept. 14.
Treasury said $5.50 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 $7.35 billion and for the six-month bills it is $6.65 billion.
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