Treasury quarterly refunding announcement highlights

The latest from the Treasury

  • Intends to maintain coupon sizes over the coming quarters
  • Expects to raise nominal coupons in February
  • Extraordinary measures will allow government to meet obligations through January 2018
  • To sell $24 billion 3-year and $24 billion 10-year notes next week along with $15 billion 30-year bonds
  • Quarterly refunding $62 billion, to raise $19.3B of new cash and refund $42.7B in maturing securities

US 10-year yields dipped after the announcement.

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