Treasury to Raise $112B in New Debt, Increase Auction Sizes to Refund Maturing Securities and Raise Cash
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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.
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Auction sizes for 2-, 3-, 5-, 7-, 10-year, and 30-year securities will increase over the November 2023 to January 2024 quarter.
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TIPS auction sizes for 5-, 10-year securities will increase over the next quarter.
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Bill issuance to be maintained through late November, then modest reductions expected.
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Treasury plans to provide update on regular buyback program implementation in next refunding announcement on 1/31/2024.
