Econoday Economic Report: Treasury Refunding Announcement May 4, 2011

2011 Economic Calendar

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Treasury Refunding Announcement

Released On 5/4/2011 9:00:00 AM

Highlights
Details of the $72 billion refunding are unchanged for a third quarter in a row: $32 billion in 3-year notes, $24 billion in 10-year notes, and $16 billion in 30-year bonds. The budget impasse is a growing uncertainty and the Treasury is warning it will reach its debt limit on May 16 though it will be able to meet obligations until August 2.

Definition
Each quarter the U.S. Treasury announces its funding needs for the next two quarters. The announcement includes which securities will be offered and the dates of their announcement, auction and settlement. Why Investors Care