Treasury offering $66b of Treasury securities.
WASHINGTON: The U.S. Department of the Treasury is offering $66 billion of Treasury securities to refund about $46.6 billion of privately-held Treasury notes maturing on February 15, 2018.
It will raise new cash of approximately $19.4 billion. The securities are: A 3-year note in the amount of $26 billion, maturing February 15, 2021; A 10-year note in the amount of $24 billion, maturing February 15, 2028; and A 30-year bond in the amount of $16 billion, maturing February 15, 2048.
The 30-year bond will be auctioned on a yield basis at 1:00 p.m. ET on Thursday, February 8, 2018. All of these auctions will settle on Thursday, February 15, 2018. The 3-year note will be auctioned on a yield basis at 1:00 p.m. ET on Tuesday, February 6, 2018. The 10-year note will be auctioned on a yield basis at 1:00 p.m. ET on Wednesday, February 7, 2018.
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the February 30-year Treasury Inflation-Protected Securities (TIPS) auction, the March 10-year TIPS reopening auction, the April 5-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.