US Inflation Debt Sales Rise to Keep Pace With Treasury Market
- Inflation-adjusted yields remain near recent multi-year peaks
- Treasury says ‘prudent’ to maintain a ‘stable share of TIPS’
The US Treasury building in Washington, DC.
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The US Treasury plans to keep increasing issuance of inflation-protected securities at a pace that maintains the sector’s overall share of total US marketable debt.
The department will keep the November 10-year Tips reopening auction size at $15 billion, and boost the January 10-year Tips new issue auction size by $1 billion to $18 billion, according to the latest quarterly debt refunding announcement, which covers the period from November 2023 to January 2024. It also said it will lift its December 5-year Tips reopening auction size by $1 billion.