US Treasury to auction $110B in refunding next week

By Ovunc Kutlu

ANKARA (AA) - The US Treasury Department announced Wednesday it will auction $110 billion next week in quarterly refunding to raise $55.2 billion and $54.8 billion in maturing securities.

The agency is planning to sell $50 billion of its 3-year notes Feb. 8, $37 billion in 10-year notes Feb. 9 and $23 billion worth of its 30-year bonds Feb. 10.

It said receipts totaled $1.05 trillion in the first quarter of fiscal year 2022, an increase of $249 billion, or 31%, from the same period during the previous year.

Outlays totaled $1.43 trillion, an increase of $74 billion, or 6%, according to the statement.