At the quarterly auction in November, the Treasury sold $9 billion worth of bonds.
And next week the market will have added supply when the Treasury sells $40 billion of new securities during its quarterly auction.
The Treasury's quarterly auction got off to a respectable start with the sale of $16 billion in three-year notes.
And with the quarterly auction finished, there might be some room for a small rebound in prices.
The Treasury announced the size of its quarterly auction yesterday, and it was bigger than expected - or about $500 million more for each maturity.
The Treasury announced the details of its quarterly auctions, saying it would raise a record $38.5 billion next week.
The rally came the day before the Treasury is scheduled to announce the size of its big quarterly auctions next week.
The first leg of the Treasury's $36 billion quarterly refunding auctions went well.
That is the largest total for a quarterly auction since 1996.
In last month's quarterly auction, the Treasury cut the 30-year bond sale by $1 billion, to $9.25 billion.
