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Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on three-month bills advancing to the highest level since late February. The Treasury Department auctioned $ 32 billion in three-month bills at a discount rate of 0.110 percent, up from 0.100 percent last week. Another $ 28 billion in six-month bills was auctioned at a discount rate of 0.145 percent, up from 0.135 percent last week. The three-month rate was the highest since three-month bills averaged 0.115 on Feb. 27. The six-month rate was the highest since those bills averaged 0.150 on July 2. The discount rates reflect […]

The Treasury Department on Friday targeted Hizballah, a Shiite military and political organization, for potential fresh sanctions for providing support for the Syrian government. In a statement Treasury said that Hizballah is playing an “integral role in the continued violence the Assad regime is inflicting on the Syrian population.” The executive order would restrict U.S. citizens from dealing with the group and freezing any of its assets in the United States. The sanctions have little practical impact as Hizballah has been subject to sanctions since 1995 when it was designated as a global terrorist organization.

The U.S. government ran a budget deficit of $ 70 billion in July, the Treasury Department reported Friday, bringing the total shortfall to $ 974 billion for the first 10 months of fiscal 2012. In July, the government spent $ 254 billion while taking in $ 185 billion. Both the July deficit and the year-to-date shortfall were less than a year ago. For the full fiscal year, Treasury continues to predict a shortfall of more […]

Interest rates on short-term Treasury bills fell in Monday’s auction with rates on six-month bills declining to the lowest level since early June. The Treasury Department auctioned $ 32 billion in three-month bills at a discount rate of 0.100 percent, down from 0.110 percent last week. Another $ 28 billion in six-month bills was auctioned at a discount rate of 0.135 percent, down from 0.145 percent last week. The three-month rate was the lowest since three-month bills averaged 0.095 on July 23. The six-month rate was the lowest since these bills averaged 0.130 on June 4. The discount rates reflect […]

The Treasury Department has launched an offering of $ 4.5 billion of its American International Group, Inc. common stock. Before the sale, Treasury held 61% of AIG shares outstanding. Treasury said that AIG has indicated it will purchase up to $ 3 billion of the stock sold by the government at the offering price. The underwriters also have a 30-day option to purchase up to an additional $ 675 million in AIG stock from Treasury to cover over-allotments. Citigroup Global Markets, Deutsche Bank Securities Inc., Goldman Sachs & Co., and J.P. Morgan Securities LLC, have been retained as joint bookrunners for the […]

FRANKFURT The Bank of England and the British Treasury on Friday released details of the Funding for Lending Scheme, a program announced last month that policy makers hope will boost lending to the real economy. The program aims to lower banks’ funding costs by allowing them to borrow more cheaply from the Bank of England, provided the funds are used for lending to individuals and businesses. Participating banks and building societies will be able to borrow up to 5% of their stock of existing lending to the real economy, plus any net expansion of lending during a reference period that […]

The U.S. government ran a budget deficit of $ 60 billion in June, the Treasury Department reported Thursday, pushing the deficit to $ 904 billion for the first nine months of fiscal 2012. In its monthly budget statement, the Treasury said the federal government spent $ 320 billion in June, 9.2% above the year-ago period. Receipts rose 4% to $ […]

Investors snapped up Treasurys and ditched European debt Friday after Standard & Poor’s downgraded France’s credit rating and appeared ready to hit other European nations. The yield on the 10-year Treasury note plunged to its lowest level this year as demand intensified for safer …

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