US Treasury plans $125b refunding

The US Treasury Department disclosed plans for a total refund of $125 billion for the upcoming May to July quarter on Wednesday, to raise $17.2 billion in fresh capital from private investors.

According to Reuters citing an official statement, the Treasury outlined its agenda to auction $58 billion in US three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds in the following week.

Furthermore, the Treasury indicated that, based on current forecasts of borrowing requirements, there are no plans to increase the sizes of nominal coupon or floating rate note auctions for at least the next few quarters.