NEW YORK – The Treasury Department will sell $74 billion of securities -- $34 billion 3-year notes on August 10, $24 billion in 10-year notes on August 11 and $16 billion in 30-year bonds on August 12 – to raise $41 billion.
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All issues settle on August 16.
The Treasury said it is considering additional reopenings of TIPS offerings, with a decision on next year’s TIPS calendar expected at the November 3 refunding.
Treasury also said it expects to gradually decrease coupon auction sizes, with magnitude of the reductions depending on “the pace and extent of the economic recovery."
