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Treasury Sells $61 Billion In Short-term Bills

 
By Deborah Levine
MarketWatch Pulse
     

    NEW YORK -- The Treasury Department sold $30 billion in 3-month bills at a rate of 0.041% on Monday and $31 billion in 6-month bills at a rate of 0.142%. Bond analysts were closely watching the 3-month bill auction for a sale near 0% as investors have flocked to short-term government debt to lock in profits on riskier trades as the end of the year approaches. Treasurys were mixed before the data, with long-term debt supported by comments from Federal Reserve officials and short-term securities under pressure before the kick-off of note auctions this week starting with 2-year notes later in the session. Yields on 10-year notes , which move inversely to prices, fell 2 basis poins to 3.39%.

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