U.S. to Sell $100 Billion in Bills to Fund Fed Moves

The U.S. Treasury said it will sell an additional $100 billion in short-term debt to aid the Federal Reserve's balance sheet, amid the biggest extension of central- bank credit to financial companies since the Great Depression.

The Treasury today announced plans to sell $30 billion in 59-day bills at 11:30 a.m. tomorrow, $30 billion in 45-day bills at 1 p.m. tomorrow and $40 billion in seven-day bills on at 11:30 a.m. on Sept. 24.

Webmaster's Commentary: 

It will be interesting to see how many of those 59-day bills actually get sold... and to whom.

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