I don't understand why Treasury proposes getting rid of issues entirely. When they killed off the 30-year a while back, it threw a bunch of people who used that 30-year to hedge positions into a tizzy. Granted, the 3-year isn't as bad because institutions can always use previously issued 5/10/30 year paper, but still.... I don't get it. Might as well just reduce the issue amounts.dan
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