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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: bill meehan who wrote (84265)2/2/2000 10:29:00 AM
From: Cynic 2005  Read Replies (1) of 86076
 
The Slickster and his nod-head Secretary Summers must take bond guys to be as gullible as stock players. The Fed is sure to raise rates today and the Treasury are trying to talk the bonds up!

Wednesday February 2, 10:16 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

U.S. Treasury to broadly cut debt issuance
WASHINGTON, Feb 2 (Reuters) - The Treasury Department announced on Wednesday a broad reduction in its borrowing operations as mounting surpluses allow the goverment to move toward buying back its debt instead of running up more.

In its most sweeping cutback yet on borrowing, Treasury said it would reduce the amount and frequency of sales of virtually all debt securities, and said it would start buying back some outstanding bonds from investors within two months.

(Note: this article is ''in progress''; there will likely be an update soon.)
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