U.S. Treasury Sets Q2 Refinancing at $125 Billion, Raises $41.7B in New Cash

According to the U.S. Treasury Department, on May 6, the U.S. announced it will issue $125 billion in government debt to refinance approximately $83.3 billion in privately held securities maturing on May 15, while raising approximately $41.7 billion in new cash from private investors.

The offering includes $58 billion in 3-year notes (auction May 11), $42 billion in 10-year notes (auction May 12), and $25 billion in 30-year bonds (auction May 13).