Among the Treasury offerings set for this week, the Treasury plans to hold its regular weekly auction of three-and six-month bills today.

Bond prices fell modestly yesterday in advance of a heavy supply of new Treasury offerings.

The paucity of Treasury offerings has led many investors to the corporate market, where yields are higher and the supply of new issues can be rapidly increased to satisfy demand.

This week's heavy load of Treasury offerings opens today with the weekly auction of three-month and six-month bills, which this week totals $13.2 billion.

Prices of outstanding Treasury issues fell modestly, in the face of tepid demand for this week's $29 billion Treasury offering.

Bond prices fell modestly as traders prepared for a heavy supply of new Treasury offerings.

Treasury offerings this week include a two-year note sale and a one-year bill auction in addition to the regular sale of three-month and six-month bills.

With no new Treasury offerings, and yields of outstanding issues at less than 7 1/2 percent, many investors are turning to the corporate market.

Except for the weekly bill auctions, government securities dealers do not expect any additional Treasury offerings until the two-year and five-year note issues in the week of Feb. 22.

As soon as the debt ceiling is lifted," he noted, there would be a spate of Treasury offerings.