August 3, 2005
JS-2674

Statement of Treasury Under Secretary for Domestic Finance Randal K. Quarles on Quarterly Refunding Announcement

The Treasury has determined that we have the flexibility to issue 30-year bonds cost-effectively while maintaining deep and liquid markets in our other securities.  We believe this is a prudent debt management step that will continue to allow Treasury to finance the government's borrowing needs at the lowest cost over time.

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