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