Treasury Maintains Long-Term Debt Sales, Sees Rise in 2018
- Sees boost to coupon-bearing, FRN sales at next announcement
- Long-term sales to raise $19.3 billion new cash this quarter
The U.S. Department of the Treasury building stands in Washington, D.C.
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The U.S. Treasury Department maintained longer-term debt sales for the seventh straight quarter at $62 billion and said it anticipates announcing an increase in coupon-bearing securities in February to help meet rising funding needs.
The department will sell $24 billion in three-year notes on Nov. 7, $23 billion in 10-year notes on Nov. 8 and $15 billion in 30-year bonds on Nov. 9, it said Wednesday in its quarterly refunding announcement of longer-term debt sales. That will raise new cash of about $19.3 billion.