Treasury Refunding $72B To Raise $36.7B of Cash

The Treasury Department said it will sell $72.0 billion in its quarterly refunding to raise $36.7 billion of new cash, offering $32 billion of three-year notes on May 8, $24 billion of 10-year notes on May 9 and $16 billion of 30-year bonds on May 10.

The Treasury said it hasn’t decided if it will issue floating rate notes, and it is looking at feedback, which it characterized as generally positive.

The department also deferred its decision on negative yield bids.

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