U.S. to Raise Treasury Bill Supply, Hold Bigger Cash Buffer
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The U.S. will increase the supply of Treasury bills to meet growing demand and raise the amount of cash reserves the government holds to a minimum of $150 billion in case of a market disruption.
In its quarterly refunding announcement Wednesday, the Treasury said it will auction $24 billion in three-year notes on May 12, $24 billion in 10-year notes on May 13 and $16 billion in 30-year bonds on May 14. The offerings of $64 billion, the same as a quarter ago, will result in a debt paydown of $3 billion.