Treasury 4-Week Bills To Raise $11B New Cash

The Treasury Department said yesterday it will sell $26 billion of four-week discount bills today.

 

The 28-day bills will raise $11 billion in new cash and refund $15 billion of maturing bills.

 

The bills have an issue date of Feb. 7 and are due March 6.

 

Federal Reserve banks hold $15.908 billion of maturing bills in their own accounts.

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