NEW YORK - The Treasury Department said it will sell $72.0 billion in its quarterly refunding to raise $36.7 billion new cash.
Treasury will sell $32 billion 3-year notes on Tuesday, May 8, $24 billion 10-year notes on Wednesday, May 9 and $16 billion 30-year bonds on Thursday, May 10.
The issues all settle May 15.
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. Treasury also deferred its decision on negative yield bids.
Cash management bills are also expected during the quarter.