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11/1/2023, 1:46 PM (Source: TeleTrader)
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US Treasury offering to sell $112B in bonds next week

The United States Treasury Department announced on Wednesday that it will be selling $112 billion of Treasury securities starting from November 7.

A $48 billion in three-year notes are expected to be sold on that date, followed by $40 billion of 10-year notes and $24 billion in 30-year bonds on November 8 and 9, respectively.

"Based on projected intermediate- to long-term borrowing needs, Treasury intends to continue gradually increasing coupon auction sizes in the upcoming November 2023 to January 2024 quarter. As these changes will make substantial progress towards aligning auction sizes with projected borrowing needs, Treasury anticipates that one additional quarter of increases to coupon auction sizes will likely be needed beyond the increases announced today," the department said in a statement.

Baha Breaking News (BBN) / MS