The Treasury Department’s August mid-quarter refunding of $72.0 billion will raise $47.6 billion new cash, officials announced Wednesday.
The Treasury said it will sell $32 billion of three-year notes on Aug. 9, $24 billion of 10-year notes on Aug. 10, and $16 billion of 30-year bonds on Aug. 11. Settlement for the issues is Aug. 15.
The department still expects a gradual increase in Treasury Inflation-Protected Securities issuance and will provide guidance on the 2012 TIPS issuance at the Nov. 2 refunding.
