Bonds
US Increases Quarterly Debt Sale, Sees No More Boosts Coming
- Treasury announces $121 billion in refunding auctions
- Start date for new buyback program to be announced in May
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The US Treasury boosted the size of its quarterly issuance of longer-term debt for a third straight time, and suggested that no more increases are likely until next year.
The Treasury Department said in a statement Wednesday it will sell $121 billion of longer-term securities at its so-called quarterly refunding auctions next week, which span 3-, 10- and 30-year Treasuries. That matches what most dealers expected, and mirrored the cadence of increases unveiled at the last refunding, in November.