$72 Billion in Treasury Notes on Sale Next Week
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The US Treasury will sell another $72 billion in debt next week. The total amount is consistent with the quarterly refunding auction size in effect since November 2010.
The Treasury will auction $32 billion in 3-year notes, $24 billion in 5-year notes, and $16 billion in 30-year bonds. Proceeds will be split between repaying maturing securities, $49.6 billion, and raising about $22.4 billion in new cash.
MarketWatch notes that the Treasury will decide in May whether or not to issue floating-rate notes and would also decide whether or not to allow negative-rate bidding in Treasury bill auctions.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
