Wednesday, May 2, 2007

Treasury May Announce Elimination of Three-Year Note, Bond Dealers Say

(Bloomberg) -- The U.S. Treasury may announce today it's eliminating the three-year note because a smaller budget deficit is reducing borrowing needs, according to bond dealers and strategists.

The government may say in its refunding statement that it will sell $14 billion of three-year notes this month in the final issue of the maturity, a Bloomberg News survey of seven strategists showed.


Read more at Bloomberg Bonds News

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