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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Jumper who wrote (2637)	1/14/2000 11:27:00 AM
From: clochard	Read Replies (1) \| Respond to of 42523

They'll presumably borrow short term to pay for this: Friday January 14, 11:18 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) U.S. redeeming $4.2 billion of 30-year bonds WASHINGTON, Jan 14 (Reuters) - The U.S. Treasury Department announced on Friday that it was redeeming $4.2 billion of 30-year bonds that it issued in 1975 carrying an 8-1/4 percent interest rate. The Treasury will save an estimated $800 million in interest payments by calling the bonds in early, a Treasury official said. The redemption -- the first since 1996 of a 30-year U.S. Treasury bond -- is one in a series of recent moves by the Treasury to take advantage of mounting budget surpluses and reduced borrowing needs.