U.S. Treasury says short-term debt issuance shaped by demand
WASHINGTON Feb 10 (Reuters) - The U.S. Treasury considered the demand for its short-term debt when it held steady the amount of money it will borrow this week for repayment in early March, a Treasury spokesperson said on Monday.
The Treasury is ramping up issuance of three-month and six-month bills but will hold one-month bill sales steady at the lowest level in nearly six years. The interest rate on one-month bills rose sharply last week amid investor concerns about congressional gridlock over raising a cap on government debt.
The spokesperson said Treasury's short-term debt issuance also reflects the government's seasonal borrowing needs as a result of income tax filings.
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