US to offer $28bn in short-term T-bills
The Treasury Department said it plans to offer $28bn in short-term T-bills on Monday, to pay off maturing securities and raise $3.27bn in cash from new debt.
The amount of maturing bills outstanding is $24.73bn.
The offering will be divided between $13bn in 3-month and $15bn in 6-month T-bills, maturing April 4 and July 5, 2002, respectively.
The results of Monday's auction will be released after 11.30 am Washington time, earlier than usual due to the bond market's early closing on Monday, before the January 1 holiday.
