Treasury Holds $125B Quarterly Refunding Steady

The US Treasury will sell $125 billion in notes and bonds to refund $97 billion maturing in November, raising $28 billion in new cash. The breakdown matches last quarter: $58 billion in 3-year notes, $42 billion in 10-year notes and $25 billion in 30-year bonds ($TLT). Treasury said it expects to keep coupon auction sizes unchanged for the next several quarters.