Treasury SLGS Sales Suspended

The Treasury Department officially suspended the sale of State and Local Government Series securities at noon last Friday, perhaps minimizing the impact on the municipal bond market.

The Nation was on scheduled to reach the debt limit on Dec. 31, but closing the SLGS window and taking other steps, such as instituting a debt issuance suspension period, which the Treasury did on Dec. 31, will postpone reaching the debt limit until the end of February, Geithner told the lawmakers.

–  Bond Buyer

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