U.S. Treasury to Sell $72 Billion in Long-Term Debt
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The U.S. Treasury Department plans to sell $72 billion in its quarterly sales of long-term debt next week, as lower projected budget deficits have allowed the government to reduce borrowing.
The Treasury said it will auction $32 billion in three-year notes on Nov. 8, $24 billion in 10-year notes Nov. 9 and $16 bilion in 30-year bonds Nov. 10. The total amount was in line with the median forecast in a Bloomberg News survey of bond dealers and signals a pause in the Treasury’s auction cutbacks until the fiscal and economic outlook becomes clearer.