The Treasury Department said it may announce, auction, and issue a 7-day cash management bill on Wednesday, March 15.
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Additional details of the CMB, including the offering amount, would be included in the offering announcement, which would be released at 9:30 a.m. ET March 15.
When-Issued trading for this CMB should not occur unless the security is officially announced.
This action may be necessary in order for Treasury to achieve its mid-March cash balance target in advance of the expiration of the debt limit suspension period.
