The Treasury said it will raise $3.6 billion in new cash with its quarterly refunding, selling $16 billion 30-year bonds on Nov. 12, $24 billion 10-year notes on Nov. 10 and $16 billion three-year notes on Nov. 9.
Treasury said it would raise T-bill "issuance significantly, by increasing the size of the 4-week, 3-month and 6-month auctions and through cash management bill issuance," according to the Treasury Borrowing Advisory Committee report.
The plan is to raise new bill issuance by $186 billion by year end, pushing its cash balance to $344 billion.
"Given the high demand for T-bills due to money market reform and regulatory changes, the Committee believes increased T-bill issuance will both enhance market functioning and help the Treasury achieve low cost funding," the statement said.
