The Treasury Department will auction $64 billion in notes and bonds next week in its quarterly refunding auctions, the government said Wednesday. Treasury said it decided to hold the size of the 2-and 3-year notes steady going forward after having trimmed them over the past quarter. The department announced it will auction $24 billion in 3-year notes and $24 billion in 10-year notes . The government will also sell $16 billion in 30-year bonds . Treasury is facing the prospect of another fight over the debt limit. The debt ceiling will technically be reached on March 15 but analysts estimate that the department can delay breaching the limit until the fourth quarter because of tax revenue due in April and the use of extraordinary measures. Treasury did not provide its own forecast of how long it thinks the measures can last, saying it will provide clarity at a later date.
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