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Economic Report: Treasury announces plan to sell 2-month bill as funding needs mount

Bloomberg News
U.S. Treasury Secretary Steven Mnuchin said in an interview this week that he is unconcerned about the bond market’s ability to absorb the rising supply of government debt.

The numbers: The Treasury announced Wednesday that it will introduce a new 2-month bill later this year, but said the details have yet to be worked out, including the date of the first auction. This is the first new security to be offered by the U.S. since January 2014. Clay Berry, deputy assistant Treasury secretary for financial markets, told reporters at a press briefing there was strong demand for a 2-month bill from “money market funds and other types of investors.

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