Treasury to Sell Record Amount of Bills as Debt Pact Expires
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The U.S. Treasury Department will auction a record amount of three- and six-month bills next week, giving it greater flexibility after tomorrow’s expiration of an agreement that suspended the nation’s debt limit.
The U.S. will sell $42 billion in three-month bills and $42 billion in six-month securities at its weekly auction on Feb. 10. The three-month offering is $14 billion more than the previous week, while the six-month is $22 billion higher. Treasury will also auction $50 billion of 72-day cash-management bills the same day.