WASHINGTON — The Treasury Department's February quarterly refunding of $84.0 billion will raise $29.9 billion new cash, Treasury announced Wednesday.
For February, the Treasury Department said it will sell $38 billion 3-year notes on February 5, $27 billion 10-year notes on February 6, and $19 billion 30-year bonds on February 7. These issues settle on February 15.
The Treasury said it does not expect to raise coupon sizes in the coming quarter, as the current sizes are expected to meeting borrowing needs.
Treasury also said it expects bill supply to rise over the remainder of the quarter and that it will increase the size of the February 30-year TIPS size by $1 billion and the April 5-year TIPS size by $1 billion.
"Treasury anticipates the financing changes announced today will continue to result in a weighted-average maturity (WAM) of the debt outstanding that is stable at or around current levels, barring large, unexpected changes to borrowing needs," Treasury said its statement.
For the first quarter of 2019, Treasury Monday estimated it will borrow $365 billion, assuming a $320 billion cash balance at the end of March.
For the second quarter of 2019, Treasury estimated it will borrow $83 billion, with a $300 billion cash balance at the end of June.
