U.S. to Sell Inflation-Indexed Bonds Jan. 29
Times Staff and Wire Reports
The government will sell its first securities designed to protect investors against inflation on Jan. 29, the Treasury Department said. The notes will be auctioned quarterly in denominations of $1,000 with a maturity of 10 years. Since they will be indexed to the government’s consumer price index, their value will increase as prices rise. The securities will be available through brokers and directly through the Treasury Department. The initial amount to be sold will be announced Jan. 21.
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