They say that they do not expect to issue cash management bills. As a result of the debt ceiling increase, they will to increase cash balances to 500 billion by the end of July.
Of course, the Fed doesn't control longer term rates. They are market-driven.
The U.S. Treasury will sell:
$65 billion of 17 week bills on July 970 billion of eight week bills (previously $45 billion) and 80 billion 04 week bills (previously $55 billion) on July 10. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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