Record Treasury Auction: The Treasury plans to...
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From Times Staff and Wire Reports
Record Treasury Auction: The Treasury plans to borrow a quarterly record $34.25 billion from the public next week in a series of auctions to replenish the government’s coffers. “We are offering $34.25 billion of notes and bonds to refund $23.5 billion of privately held notes maturing on Nov. 15 and to raise about $10.73 billion of cash,” Assistant Secretary Jay Powell said. The previous record was $32.25 billion in notes and bonds sold last August.
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