February 2, 2015 / 4:41 PM / 3 years ago

U.S. to sell the most 1-month bills in seven weeks

NEW YORK, Feb 2 (Reuters) - The U.S. Treasury Department said on Monday it will sell $40 billion in four-week or one-month bills on Tuesday, which will be the largest offering of this debt maturity in seven weeks.

The U.S. government's finance arm has sold $30 billion of one-month T-bills for the past six weeks.

On the comparable week a year earlier, it offered $8 billion in one-month T-bills which were sold at an interest rate of 0.13 percent.

In the "when-issued" market, traders expected the upcoming T-bill issue to sell at an interest rate of 0.02 percent .

Reporting by Richard Leong; editing by Andrew Hay

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below