The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

There are currently $86.993 billion of four-week bills outstanding.

The bills settle June 22 and are due July 20.

Federal Reserve banks hold nothing in maturing bills in their own accounts.

Bloomberg

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.