The Treasury Department announced Wednesday that it will sell $74 billion of securities — $34 billion of three-year notes Aug. 10, $24 billion of 10-year notes Aug. 11, and $16 billion of 30-year bonds Aug. 12 — to raise $41 billion in its quarterly refunding. All three issues settle on Aug. 16.
The Treasury is considering additional reopenings of Treasury Inflation-Protected Securities, with a decision expected with the Nov. 3 refunding announcement. Treasury expects to gradually decrease coupon auction sizes, with the magnitude of the reductions depending on “the pace and extent of the economic recovery.”
