Treasury to sell $45B 4-week bills week of July 25

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

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The US Treasury Department has appealed to the Sixth Circuit Court a pair of lawsuits with Ohio and Kentucky that have blocked the department from enforcing an ARPA provision that restricts the states from using the funds to offset tax cuts.

There are currently $67 billion of four-week bills outstanding.

The bills settle July 27 and are due Aug. 24.

Federal Reserve banks hold nothing in maturing bills in their own accounts.

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