US Treasury auctions to test investor appetite again next week
*Treasury to sell $65 bln in 3-, 10- 30-yr securities
*Sale part of record $2 trillion issuance in 2009
*Sales take place as demand for safe-haven assets wanes
*Higher rates could dry out 'green shoots'
By Ellen Freilich
NEW YORK, June 4 (Reuters) - The U.S. government's need to borrow more than $2 trillion this year to help fund its projected $1.8 trillion deficit and revive ecomomic growth will again test investors' appetite for U.S. Treasury debt next week.
A total of $65 bln in 3-year, 10-year, and 30-year debt will be sold next week, the U.S. Treasury said on Thursday.
The sales will consist of $35 billion in three-year notes, $19 billion in 10-year notes, and $11 billion in 30-year bonds.
While next week's offering is smaller than last week's record $101 billion sale of two-, five- and seven-year notes, yields on all but the shortest Treasury maturities have recently risen to their highest levels in six months at least party because of the extra supply. Continued...
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