The government department will auction $13 billion in 10-year notes and $5 billion in 29-year, 6-month bonds to refund $51.5 billion in maturing securities and pay down about $33.5 billion.

The rest of the government’s financing requirements will be met with weekly bills, monthly 2-year and 5-year notes and other instruments, Treasury said.

Treasury added it’s likely to issue cash management bills in mid- and late November as well as early December and possibly in early January.

In addition, Treasury said it will start a new auction system next year with the minimum purchase cut to 100 usd from 1000 usd.

Share This Article by Email or Social Web

Posted: 10|31|07 at 3:32 pm. Filed under: Auction News.