April 29, 2013
WHAT SHALL WE DO WITH THE SURLPUS?:
Treasury to Pay Down Debt For First Time in Six Years (JEFFREY SPARSHOTT, 4/29/13, WSJ)
The Treasury Department said that it expects to retire a net $35 billion in bonds, notes and bills from April to the end of June. That compares with its estimate from earlier this year that it would rack up an additional $103 billion in marketable debt in the second quarter."The paydown this quarter, the first since 2007 is emblematic of the turn in budget finances from horrible, to grim on their way to steadily better," Eric Green, global head of research at TD Securities, said in a note.
Posted by Orrin Judd at April 29, 2013 7:34 PM
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