The Treasury Department said yesterday it plans to sell a record $81 billion at its quarterly refunding to raise $42.5 billion.
It will sell $40 billion of three-year notes on Nov. 9, $25 billion of 10-year notes on Nov. 10, and $16 billion of 30-year bonds on Nov. 12. Settlement for these issues is Nov. 16.
The 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.
The department also announced it is changing the auction deadlines for regular bill auctions to 11:30 a.m. Eastern Standard Time from the current 1 p.m. deadline, effective Nov. 9.
