The US Treasury said Thursday it will sell $55 billion offering worth of 3-month and 6-month 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