Treasury to Raise $112B in New Debt, Increase Auction Sizes to Refund Maturing Securities and Raise Cash

Treasury plans to raise $112B through 3, 10, and 30-year securities to refund $102.2B of notes maturing on 11/15/2023. This will raise $9.8B in new cash.

Auction sizes for 2-, 3-, 5-, 7-, 10-year, and 30-year securities will increase over the November 2023 to January 2024 quarter.

TIPS auction sizes for 5-, 10-year securities will increase over the next quarter.

Bill issuance to be maintained through late November, then modest reductions expected.

Treasury plans to provide update on regular buyback program implementation in next refunding announcement on 1/31/2024.