Treasury to Raise $58.2B With a $72B Refunding

The Treasury Department said it will raise $58.2 billion with its $72 billion quarterly refunding.

The Treasury said it will sell $32 billion    of three-year notes on Nov. 8, $24 billion of 10-year notes on Nov. 9, and $16 billion of 30-year bonds on Nov. 10. Settlement for the issues is Nov. 15.

The Treasury also announced that it is “adding a second reopening to each of its 5-year and 30-year TIPS offerings,” starting next year.

The department added that “based on current fiscal forecasts, coupon auction sizes are likely to remain steady over the coming quarter.”

— Market News International

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