Jumat, 14 November 2008

US treasury sells bail-out bonds


The US Treasury
US Treasury says the bonds are needed to manage rising debt levels




The United States government plans to sell bonds worth $55bn (£34bn) next week in an effort to finance its bank rescue programme.

In a first $25bn auction on Monday, the Treasury Department will launch a new type of bond, which will reach maturity after three years.

The rest of the amount will be raised later next week through the sale of traditional 10-year and 30-year bonds.

US bonds earn a fixed rate of interest every six months until maturity.

US treasury sells bail-out bonds

 

Hello