The U.S. Treasury Department announced it will offer $119 billion in long-term Treasury bonds in a series of auctions next week, distributing the issuance across three key maturities: three-year, 10-year, and 30-year bonds. According to the official statement, the Treasury plans to auction $58 billion in three-year bonds, $39 billion in 10-year bonds, and $22 billion in 30-year bonds. The auctions will take place sequentially over three days, with the results for the three-year bonds scheduled for Tuesday, the 10-year bonds on Wednesday, and the 30-year bonds on Thursday of next week.
This upcoming issuance exactly matches the total amount sold in the previous month when the Treasury sold $119 billion across the same maturities. Market reaction during the last auction showed robust demand for the three-year and 10-year notes, with levels slightly above average. Meanwhile, demand for 30-year bonds remained at around average levels,…
