(Bloomberg) -- Just as international investors are
reducing purchases of Treasuries, the U.S. government will be
selling fewer of them thanks to no let-up in tax receipts.
The projected 7 percent increase in tax revenue will help
the U.S. budget deficit shrink by 17 percent to about $205
billion for the fiscal year ending Sept. 30, the Bush
administration said last week. As a result, the Treasury
Department sold less securities from January through June than
matured, the first time that has happened since 2000.
Read more at Bloomberg Bonds News
reducing purchases of Treasuries, the U.S. government will be
selling fewer of them thanks to no let-up in tax receipts.
The projected 7 percent increase in tax revenue will help
the U.S. budget deficit shrink by 17 percent to about $205
billion for the fiscal year ending Sept. 30, the Bush
administration said last week. As a result, the Treasury
Department sold less securities from January through June than
matured, the first time that has happened since 2000.
Read more at Bloomberg Bonds News
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