http://www.bloomberg.com/news/2010-11-03/u-s-treasury-to-sell-72-billion-in-long-term-debt-update1-.html
U.S. Treasury to Sell $72 Billion in Long-Term Debt
By Rebecca Christie - Nov 5, 2010 7:37 AM ET
The U.S. Treasury Department plans to sell $72 billion in its quarterly sales of long-term debt next week, as lower projected budget deficits have allowed the government to reduce borrowing.
The Treasury said it will auction $32 billion in three-year notes on Nov. 8, $24 billion in 10-year notes Nov. 9 and $16 bilion in 30-year bonds Nov. 10. The total amount was in line with the median forecast in a Bloomberg News survey of bond dealers and signals a pause in the Treasury’s auction cutbacks until the fiscal and economic outlook becomes clearer.
The Treasury also said it will add more frequent auctions of Treasury Inflation-Protected Securities, also known as TIPS, to improve liquidity in the market. The extra auctions are for five-year and 30-year TIPS and will be second reopenings of those securities.
