New Federal Debt Policy's Effects Eyed
New York AP reports the U S treasury celebrates stretching debt maturity while financial markets watch. Treasurers, school boards, and city officials consider tapping markets as record new securities flow in. The goal is longer term debt, reducing need for frequent refunds, with 63 month average maturity this week up from 58 last week.
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Treasury taps long term market to avoid rate rise
As yields rise on existing bonds, interest rates offered by borrowers climb. The Treasury aims to tap long-term investors without competing too hard with business or governments, hoping to prevent higher rates and keep money plentiful. Many will watch the outcome.
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Treasury
Perssons
Ghana seeks armored cars for riot control mission
ACCRA AP Ghana plans a two man mission to Europe to buy armored cars for the government. Premier Kwame Nkrumah aims to have the vehicles specially fitted to quell rioting in the Negro nation. Music all the way any time any day on KCRG RADIO.
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