Treasury to Raise $15B With 4-Week Bills

The Treasury Department said it will sell $28 billion of four-week discount bills yesterday.

The 28-day bills will raise $15 billion in new cash by auctioning $28 billion to refund $13 billion of maturing bills. The bills have an issue date of Feb. 21 and are due March 20.

Federal Reserve banks hold $13.686 billion of maturing bills in their own accounts.

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