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Government to sell $67B in Treasurys next week

Created: 08/06/2014 7:55 AM KAALtv.com

WASHINGTON (AP) - The government says it will sell $67 billion in Treasury securities next week as part of its regular quarterly refunding auctions.

The Treasury Department also announced Wednesday that it will buy back a small amount of securities from market dealers in the fourth quarter to test the computer systems for such transactions.

Treasury said it will sell $27 billion in 3-year notes, $24 billion in 10-year notes and $16 billion in 30-year bonds in the auctions next Tuesday, Wednesday and Thursday.

The money raised would be part of the $192 billion that Treasury expects to borrow in the July-September quarter to keep the government operating. That amount is $22 billion higher than previous estimates.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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