Treasury’s $4 Trillion Funding Task Signals Record Auction Slate
- Dealers see record refunding, debut of 20-year bond sales
- ‘Auction sizes are just going to keep needing to go higher’
A national debt counter hangs inside a bus stop in Washington, D.C., U.S.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
Treasury Secretary Steven Mnuchin is likely to boost the government’s quarterly round of debt auctions to unprecedented levels this week to finance a deficit that’s set to surpass estimates of $4 trillion for this year as lawmakers discuss additional economic stimulus.