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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (36287)	12/30/1999 2:56:00 PM
From: Cathedra	Read Replies (1) \| Respond to of 99985

Here's the gist of the follow-up article. The use of proceeds is interesting; what is the $2.5 B of government debt to be paid down? Thursday December 30, 2:39 pm Eastern Time U.S. Treasury to sell $25 bln of bills next week WASHINGTON, Dec 30 (Reuters) - The Treasury Department said on Thursday that it will sell $8 billion of three-month bills and $7 billion of six-month bills on Monday, January 3. In addition, Treasury plans to sell $10 billion of 52-week bills on Tuesday, January 4. The three series of bills will be issued on January 6. Proceeds from the sales will refund $27.545 billion of publicly held securities maturing on January 6 and pay down about $2.545 billion of government debt. The three-month bills mature on April 6 and the six-month bills on July 6. The 52-week bills mature January 4, 2001.