Source Pravda.Ru

US Treasury to bring back one-year bills

The United States Department of the Treasury is going to revive one-year bills due to a weakening economy.

The 52-week bill ceased to exist in 2001 when budget surpluses had eliminated the need to sell debt. Now when federal budget deficit may approach its acme and the country is rolling down into huge debt the need for the bill sounds urgent.

The treasury of the United States government is also going to auction $15 billion of 10-year notes on May 7 and $6 billion of 29 1/2-year bonds on May 8.

52-week bills will be auctioned every four weeks. The Treasury Department anticipates selling cash management bills in May, June, August and September. Treasury plans to up the issuance of bills and nominal coupons for the rest of the year.

Photo: godc.about.com

Comments
Capital outflow from Russia sets new records
Putin prepares bitter and hysterical missile surprise to 'American partners'
Putin prepares bitter and hysterical missile surprise to 'American partners'
Austria will not ruin its friendship with Russia despite spy scandal
The difference between Polish and Ukrainian nationalism is plain to see
Russia unveils nuclear-powered interstellar spaceship
The difference between Polish and Ukrainian nationalism is plain to see
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Capital outflow from Russia sets new records
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia's game in Libya
US midterm elections: Impeachment unlikely, Russophobia getting stronger
Capital outflow from Russia sets new records
Russian PM threatens not to go to World Economic Forum in Davos
Russian PM threatens not to go to World Economic Forum in Davos
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely