Treasury Maintains Borrowing, Notes Outlook for Rising Needs
- Longer-term debt auctions to raise $14.7 billion in new cash
- Treasury sees higher borrowing needs as Fed shrinks portfolio
The U.S. Treasury building in Washington, D.C.
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The U.S. Treasury Department said it will maintain the issuance of longer-term debt for the sixth straight quarter at $62 billion and predicted future borrowing needs will increase.
The department will sell $24 billion in three-year notes on Aug. 8, $23 billion in 10-year notes on Aug. 9 and $15 billion in 30-year bonds on Aug. 10, it said Wednesday in its quarterly refunding announcement of longer-term debt sales. The auctions will raise about $14.7 billion in new cash.