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SMRA's John Canavan said the US......>

US TSYS/SUPPLY: SMRA's John Canavan said the US Tsy debt managers "will come to
mkt with a $58B package of 3-year, 10-year, and 30-year auctions" this week.
"They will hold a $24B 3Y auction Monday morning with an 11:30am bidding
deadline, a $20B reopening of the 2.25% 10-year note Monday afternoon, with a
1:00pm bidding deadline, and a $12B reopening of the 2.75% 30Y bond on Tuesday
afternoon, with a 1:00pm bidding deadline," he said. 
- He adds the auctions' "unusual timing" occurs as the 3/10/30Y auctions "all
settle on Friday, and Tsy keeps at least 1 day between auctions and their
settlements, which means Thu is out as an auction day. Also, Tsy doesn't like to
hold coupon auctions on the day of an FOMC decision, which also takes Wed out of
the mix, forcing Tsy to squeeze all the auctions in to the first 2 days of the
- He said 3/10/30Y auctions raise $31Bln after accounting for maturing issues;
3Y auction will pay down approximately $1B "after accounting for a $25B maturing
3Y note, while both the 10Y reopening and the 30Y reopening will raise all new

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