Treasury Refunding to Raise $48.1B in New Cash

The Treasury Department announced Wednesday it will raise $48.1 billion of new cash at its quarterly refunding by selling $72 billion of securities.

The Treasury will sell $32 billion of three-year notes on Nov. 8, $24 billion of 10-year notes on Nov. 9, and $16 billion of 30-year bonds on Nov. 10. These issues will all settle Nov. 15.

The Treasury said it “expects to continue to gradually increase gross issuance of [Treasury inflation-protected securities] in 2012.”

“Going forward, Treasury will provide guidance regarding any changes in the fiscal outlook that might impact the government’s financing needs,” the Treasury said.

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