: Treasury starts to reduce borrowing as crisis response to pandemic ends

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The refunding: As part of its regular quarterly refunding, the U.S. Treasury announced Wednesday it would sell $120 billion in notes and bonds next week. That’s down from $126 billion last quarter.

The department will issue $56 billion of 3-year Treasury notes BX:TMUBMUSD03Yon Nov. 8, $39 billion of 10-year notes BX:TMUBMUSD10Y on Nov. 9, and $25 billion of 30-year bonds BX:TMUBMUSD30Y on Nov. 10.

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