US Treasury to sell $55 bln bills

In a separate statement also said Federal Reserve Bank of New York had bought $1.5 billion in treasury’s to improve its current conditions particularly in credit markets and spur lending.

The move intends to buy $300 million in Treasury securities over the next 6 months in an effort to lower its debt and save economic growth.

On the Web:

3-month bills: http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090409_1.pdf

6-month bills: http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090409_2.pdf