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Treasury Announced How Many Bonds It Will Sell in the Months Ahead—Why You Should Care
The Treasury Department on Wednesday announced an increase in its debt auctions for the November-January quarter in order to help with rising national debt, saying another increase will be on the way next quarter. The Treasury will raise $9.8 billion by auctioning $112 billion in debt to refund notes totaling about $102.2 billion that are set to mature on Nov. 15.1 That’s slightly lower than Wall Street expected. Some $48 billion will be in 3-year notes, $40 billion in 10-year notes and $24 billion in 30-year bonds. The department also said it would increase the 2- and 5-year auction sizes by $3 billion per month, ... (full story)