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Cash Management Bill
(redirected from Cash Management Bills)

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Cash management bill
Very short-maturity bills that the Treasury occasionally sells because its cash balances are down and it needs money for a few days.

Cash Management Bill
A U.S. Treasury security with a minimum purchase of $1 million and a maturity of 10 to 20 days. The U.S. Treasury sells cash management bills to institutional investors when it needs to raise cash quickly for a very short period of time.

cash management bill
A very short-term security (typically one having 10 to 20 days from date of issue until maturity) that is issued by the U.S. Treasury in order to manage its cash balances. A cash management bill is issued in minimum denominations of $1 million and is bought by institutional investors.


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One action Treasury has undertaken has been to reduce its reliance on cash management bills (CMB).
Separately yesterday, the Treasury Department announced plans to sell pounds 27billion of notes and bonds next week as well as $20 billion of cash management bills to help finance government spending on everything from Social Security to national defence .
MEMO SOLD: The Treasury Department sold 36-day cash management bills Thursday, the last leg of its quarterly refunding.
 
 
 
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