US Treasury to Increase 3-Year Note Sale Size by $2 Billion Each Month, Boosts Refunding by $9 Billion to $112 Billion

The US Treasury announced that it will increase the size of its 3-year note sale by $2 billion each month through January. Additionally, the Treasury boosted its refunding by $9 billion to $112 billion, which is below the estimated $114 billion. The Treasury also revealed changes to the sale sizes of various notes, including a $3 billion increase for the 5-year note sale, a $1 billion increase for the 7-year note sale, and a $2 billion increase for the 10-year refunding and reopening sale. The size of the 30-year refunding and reopening sales will also be lifted by $1 billion each month through January.