The Wall Street Journal-20080129-Treasury to Raise New Cash

Return to: The_Wall_Street_Journal-20080129

Treasury to Raise New Cash

Full Text (85  words)

WASHINGTON -- The Treasury plans to raise $3 billion in new cash with the sale today of about $20 billion in four-week bills to redeem $17 billion in maturing bills.

The sale amount is up from last week's auction, when the Treasury sold $15 billion in four-week bills.

The four-week bills will mature Feb. 28, 2008. The Cusip number is 912795C90.

Noncompetitive tenders for the bills, available in minimum $1,000 denominations, must be received by 11 a.m. EST today and competitive tenders by 11:30 a.m.