The Joplin Globe, Joplin, MO

First 100 Days

April 29, 2009

Day 100: Treasury again increases auctions of 30-year bonds

WASHINGTON (AP) — The Treasury Department will boost the number of times it auctions 30-year bonds to 12 times a year in another move to cope with the government’s soaring debt.

The monthly auctions of 30-year bonds follows Treasury’s decision just three months ago to double the frequency of the auctions from four times annually to eight.

Treasury also says it will raise a record $71 billion in a series of auctions next week. The upcoming quarterly refunding will include auctions of three-year and 10-year notes and the 30-year bond.

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First 100 Days