Treasury to Raise $48.1B New Cash With $72B Quarterly Refunding

Published November 02, 2011, 9:01 a.m. EDT

Updated November 02, 2011, 9:08 a.m. EDT

1 Min Read

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

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Treasury will sell $32 billion 3-year notes on Tuesday Nov. 8, $24 billion in 10-year notes on Wednesday Nov. 9 and $16 billion in 30-year bonds on Thursday Nov. 10. These issues will all settle Nov. 15.

Treasury said it "expects to continue to gradually increase gross issuance of TIPS in 2012."

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

Treasury expects to offer cash management bills during the quarter.

Gary Siegel

Managing Editor

Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in... Read full bio

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