*SCALPSWINGSTRADDLE*

[Zephyr]

Treasury Refunding Announcement
Released On 11/5/2014 8:30:00 AM
Highlights
The Treasury continues to scale down debt issuance in line with the government's declining deficit. The November refunding came in at $66 billion split between $26 billion in 3-year notes, $24 billion in 10-year notes, and $16 billion in 30-year bonds. Auction sizes for the 3-year note have been coming down steadily for the past year and began this year at $30 billion per month. The Treasury said it will continue to decrease the size of 3-year auctions in the fourth quarter as well as the size of 2-year auctions which likewise have been edging lower all year.