US Treasury announced today that $112 billion of long-term Treasurys upcoming to refund approximately $49.5 billion of Treasury maturing on August 15, 2020. This issuance will raise new cash of approximately $62.5 billion. The securities are:
$48BN in 3-year notes maturing August 15, 2023, Exp. $48BN vs $42BN in May;
$38BN in 10-year notes maturing August 15, 2030; Exp. $35BN, vs $32BN in May;
$26BN in 30-year bonds maturing August 15, 2050, Exp. $25BN vs $22BN in May;
Anticipates increasing the sizes of the 2-, 3-, and 5-year note auctions by $2 billion per month
Anticipates increasing the size of the 7-year note auction by $3 billion per month over the next three months
Announcing increases of $6 billion to both the new and reopened 10-year note auction sizes, and increases of $4 billion to both the new and reopened 30-year bond auction sizes starting in August
Treasury expects that over the three months through October, it will ramp up nominal coupon issuance by a total of $132 billion…
