NEW YORK – The Treasury Department said today it plans to sell a record $81 billion at its quarterly refunding to raise $42.5 billion.
Treasury will sell $40 billion 3-year notes on Nov. 9, $25 billion 10-year notes on Nov. 10 and $16 billion 30-year bonds on Nov. 12. Settlement for these issues is Nov. 16.
Treasury also said it will reintroduce the 30-year TIPS issuance, starting in February 2010, to replace 20-year TIPS issuance, which is being discontinued, effective immediately.
Treasury also announced it is changing the auction deadlines for regular bill auctions to 11:30 a.m. ET from the current 1 p.m. deadline, effective November 9.
Treasury is expected to offer cash management bills during the quarter, some longer dated.
The first quarter refunding announcement will be Wednesday, February 3, 2010.
