BANKING & FINANCE - Nov. 4, 1993
Government Sets Two-Day Securities Sale: Darcy Bradbury, the Treasury’s deputy assistant secretary for federal finance, said the government plans to sell $17 billion in three-year notes and $14 billion in 66-day bills on Tuesday, and will offer $12 billion in 10-year notes Wednesday. The record $43-billion auction will be the first quarterly auction lacking a 30-year bond sale. Under a new maturity scheme announced in May, more federal debt is being shifted to shorter maturities in order to save on interest.
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