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BANKING & FINANCE

From Times Staff and Wire Reports

Government to Auction $40 Billion in Notes, Bonds: The auction next week is aimed at paying off maturing securities and replenishing its coffers, the Treasury Department said. Darcy Bradbury, deputy assistant Treasury secretary for federal finance, said the department will offer $17 billion in three-year notes Tuesday, $12 billion in 10-year notes Wednesday and $11 billion in 30-year bonds next Thursday.


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