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One reason for raising interest rates was the prospect of a refinancing issue: a $12 billion issue matures April 1, and the government is expected to seek some new money, in excess of its refinancing needs.
Q: Why doesn't the government get the central bank to wait untill after the refinancing before increasing interest rates, so as to minimize its interest costs?
PLEASE ANSWER WITH A STRAIGH FORWARD (NOT A COPIED WALL OF TEXT) ANSWER TO THE QUESTION
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