By Ovunc Kutlu
ISTANBUL (AA) - The US Treasury Department announced Wednesday it will be offering $103 billion of Treasury securities next week to refund approximately $84 billion of privately-held Treasury notes and bonds.
"This issuance will raise new cash from private investors of approximately $19 billion," it said in a statement.
The securities include a 3-year note in the amount of $42 billion maturing Aug. 15, 2026; a 10-year note in the amount of $38 billion maturing Aug. 15, 2033; and a 30-year bond in the amount of $23 billion maturing Aug. 15, 2053.
The 3-year note will be auctioned next Tuesday at 1:00 p.m. ET, followed by the 10-year note next Wednesday, and the 30-year bond next Thursday at same time.
"Treasury plans to increase both the new issue and the reopening auction size of the 10-year note by $3 billion, the 30-year bond by $2 billion, and the $20-year bond by $1 billion," the statement said.