The Treasury Department said Wednesday it will offer $72 billion of securities that will raise new cash: $32 billion of three-year notes on Tuesday, $24 billion 10-year notes on Wednesday, and $16 billion 30-year bonds on Thursday.
The balance of Treasury financing requirements will be met with regular weekly bill auctions, the regular monthly nominal coupon security auctions, the May 10-year Treasury Inflation-Protected Securities reopening, the June 30-year TIPS reopening auction, and the July 10-year TIPS auction.
The Treasury expects nominal coupon auction sizes to remain steady in the upcoming quarter.
“If Congress does not act to raise the debt limit by May 16, Treasury will employ other measures used in the past to give Congress additional time to act and to protect the creditworthiness of the country,” the department said.
