The U.S. Department of Treasury will sell debt worth $72 billion next week, The Wall Street Journal reports. The Treasury will sell $32 billion in three-year notes, $24 billion in 10-year notes and $16 billion in 30-year bonds.
After the note and bond sales are settled on May 16, they will exhaust the government’s remaining borrowing capacity under the $14.3 trillion statutory debt limit. The Treasury on average borrows $125 billion a month.
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