Weekly T-Bill Auction To Raise $7B New Cash

The Treasury Department said yesterday it will raise $7.002 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $44 billion to refund $36.998 billion in maturing securities.

To be sold are $23 billion of 91s, dated Jan. 31 and due May 1, and $21 billion of 182s, dated Jan. 31 and due July 31.

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