Treasury to Raise $6.2B New Cash with $66B Quarterly Refunding

The Treasury Department said it will raise $6.2 billion in new cash in its quarterly refunding.

Treasury said it will auction $26 billion 3-year notes on November 10, $24 billion in 10-year notes on November 12 and $16 billion in 30-year bonds on November 13. All three issues settle November 17.

Two and three-year auction sizes will gradually decrease in the quarter, Treasury said, with changes based on fiscal improvement. TIPs and floating rate note auction sizes will not be changed.