The U.S. Department of the Treasury has announced the offering of $125 billion in Treasury securities to refund approximately $94.2 billion of privately-held Treasury notes maturing on May 15, 2025. This issuance aims to raise approximately $30.8 billion in new cash from private investors. The securities include a 3-year note worth $58 billion, a 10-year note valued at $42 billion, and a 30-year bond amounting to $25 billion. Auctions for these securities will occur between May 5 and May 8, 2025, settling on May 15, 2025. Additional financing needs will be met through regular weekly bill auctions, cash management bills (CMBs), and monthly auctions of notes, bonds, Treasury Inflation-Protected Securities (TIPS), and 2-year Floating Rate Notes (FRNs). The Treasury plans to maintain current auction sizes for nominal coupon and FRN financing over the next several quarters. TIPS auction sizes will see incremental increases to maintain a stable share of TIPS as a percentage of total marketable debt outstanding. The Treasury also plans to enhance its buyback program to better achieve liquidity support and cash management goals.
— new from U.S. Department of the Treasury (.gov)
