NEW YORK – The Treasury Department said it will offer $72 billion of securities to refund approximately $49.6 billion of securities maturing on February 15, andl raise approximately $22.4 billion of new cash.
Treasury will auction $32 billion 3-year notes on Tuesday, February 7, $24 billion 10-year notes on Wednesday, February 8, and $16 billion 30-year bonds on Thursday, February 9.
“The balance of Treasury financing requirements will be met with the weekly bill auctions, the monthly note and bond auctions, the February 30-year Treasury Inflation Protected Security (TIPS) auction, the March 10-year TIPS reopening auction and the April 5-year TIPS auction,” Treasury said in a release.
“Treasury expects to keep note and bond auction sizes stable in the coming months. Treasury believes that the current issuance schedule and offering sizes for notes and bonds are adequate to address forecasted borrowing needs over the near term.
“In the coming weeks there will be a seasonal increase in borrowing needs ahead of the April 2012 tax season. Treasury plans to address this seasonal borrowing need through increases in regular bill auction sizes and cash management bills.”
