The U.S. Treasury announced the first reduction in its quarterly sale of longer-term debt in more than five years on Wednesday, reflecting diminishing borrowing needs as the wave of pandemic-relief spending ebbs.
The Treasury Department said in a statement that it will sell $120 billion of long-term securities at auctions next week. That’s down some $6 billion from the record levels seen over the past three so-called quarterly refundings.
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November 03, 2021 at 07:30PM
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Treasury Unveils First Cut in Long-Term Debt Sales Since '16 - Bloomberg
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