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article imageU.S. Treasury to sell $74 billion debt next week

By Andrew Moran     Dec 3, 2009 in Business
Next week, the United States Treasury will sell $74 billion worth of debt in the form of notes and bonds. Optimism rose in Wall Street as the number of first-time claims for unemployment benefits fell for the first time in a year.
The United States national debt is sitting at over $12 trillion with a $1.5 trillion national deficit. The US Treasury announced on Thursday it will sell $74 billion worth of debt in notes and bonds next week, according to Fox Business News.
Bond-market analysts believe the Treasury will offer $40 billion in 3-year notes on Tuesday, $21 billion in 10-year notes on Wednesday and $13 billion in 30-year notes on Thursday. Market Watch reports that after the announcement, yields on benchmark 10-year notes stayed consistently up by five points at 3.37%
Bloomberg notes that Treasuries fell for a third day, which marks the longest losing streak in a month because of initial jobless claims.
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