Economics
Treasury Sees Cutting Quarterly Bond Sales Soon as November
- Quarterly refunding auctions to total $126 billion next week
- Sales of inflation-indexed securities to increase further
Photographer: Greg Nash/The Hill/Bloomberg
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The U.S. Treasury set the stage for reduced government debt issuance in coming months, even as it kept its upcoming quarterly auction of long-term securities at a record size.
The Treasury, in a statement Wednesday, said it expected to announce auction-size reductions as soon as November. For the coming quarter, it offered no major changes in its strategy for issuing notes and bonds, and said it will sell $126 billion of long-term securities next week. The department said sales of inflation-protected securities will rise further, amid “solid demand.”