U.S. Treasury to auction $96 billion of notes, bonds next week in refunding,
The refunding: As part of its regular quarter refunding, Treasury announced Wednesday it would sell $96 billion in notes and bonds next week. The size is unchanged from the last refunding in November.
The department said it would issue $40 billion in 3-year Treasury notes
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on Feb. 7, $35 billion of 10-year Treasury notes
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on Feb. 8 and $21 billion of 30-year bonds
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on Feb. 9.
Big picture: The U.S. Congress has failed to increase the debt limit, leaving Treasury no choice but to use extraordinary measures to stay under the ceiling. As a result, the department was not expected to go ahead with any changes to its debt management practices.
What Treasury said: The agency said it believes the current issuance sizes leave it “well-positioned” to address a range of potential borrowing needs and doesn’t anticipating changing auction sizes this quarter
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