Read more on this subject: Economy – Economics USA
News Story Source: https://www.zerohedge.com, Tyler Durden
This issuance will raise new cash of approximately $61.1 billion. Here are the details:
Treasury to sell a 3-year note for $54 billion on Nov 9, up from $52 billion in October.
Treasury to sell a 10-year note for $41 billion on Nov 11, up from $38 billion last quarter.
Treasury to sell a 30-year bond for $27 billion, up from $26 billion last quarter.
The total combined sales of a record $122BN for the three maturities compares to $112BN last quarter. As a reminder, the Treasury had nudged up 3-year sales by $2b already in Sept. and Oct.
It's all uphill from there: over the next three months, Treasury anticipates increasing the sizes of the 2-, 3-, and 5-year note auctions by $2 billion per month. As a result, the size of 2-, 3-, and 5-year note auctions will each increase by $6 billion by the end of January 2021. Treasury also anticipates increasing the size of 7-year note auction by $3 billion per month over the next three months. As a result
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