U.S. Treasury Eliminates Three-Year Note as Federal Budget Deficit Narrows

(Bloomberg) -- The Treasury eliminated the three-year note as a narrowing U.S. federal budget deficit reduces the need to borrow.

Tax receipts are rising even as the economy slows, spurred by gains in income and an unemployment rate at a five-year low. The Treasury said in Washington today that it will sell $32 billion of notes and bonds next week, $2 billion less than a year ago and below the median forecast of $33 billion in a survey of analysts by Bloomberg.


Read more at Bloomberg Bonds News