US Treasury says it doesn't expect to raise coupon auction sizes for next several quarters
The Treasury maintained the language in the quarterly refunding announcement that said they didn't expect a need to raise coupon auction sizes for the next several quarters. This was largely expected was coupled with no surprises for coupon sizes at:$58B in 3s$42B in 10s$25b in 30sOverall the announcement includes $125 billion of refunding at $8.6 billion in new cash. A lone change is that 5-year TIPS will increase to $22B from $21B in December. This article was written by Adam Button at www.forexlive.com.
The Treasury maintained the language in the quarterly refunding announcement that said they didn't expect a need to raise coupon auction sizes for the next several quarters. This was largely expected was coupled with no surprises for coupon sizes at:
- $58B in 3s
- $42B in 10s
- $25b in 30s
Overall the announcement includes $125 billion of refunding at $8.6 billion in new cash. A lone change is that 5-year TIPS will increase to $22B from $21B in December. This article was written by Adam Button at www.forexlive.com.
