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US gov't to sell US$67bil. worth of Treasury notes

WASHINGTON--The U.S. government says it will sell US$67 billion in Treasury securities next week as part of its regular quarterly refunding auctions.

The U.S. Treasury Department also announced Wednesday that it will buy back a small amount of securities from market dealers in the fourth quarter to test the computer systems for such transactions.

Treasury said it will sell US$27 billion in 3-year notes, US$24 billion in 10-year notes and US$16 billion in 30-year bonds in the auctions next Tuesday, Wednesday and Thursday.

The money raised would be part of the US$192 billion that Treasury expects to borrow in the July-September quarter to keep the government operating. That amount is US$22 billion higher than previous estimates.

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