The Treasury Department will sell $16 billion 30 year bonds on Thursday, Feb. 13, $24 billion 10 year notes on Wednesday, Feb.12, and $30 billion 3-year notes on Tuesday, Feb. 11, in its quarterly refunding.
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The $70 billion of sales will raise $9.2 billion of new cash, Treasury said. All three issues will settle Feb. 17.
Treasury will consider minor coupon reductions in May, but will maintain current coupon size in the first quarter. It may reopen floating rate notes and will maintain the 5-year TIPS schedule.
Treasury will borrow $284 billion in the first quarter, assuming a $130 billion cash balance.
