US Holds Quarterly Debt Sale Steady, Details Buybacks Start
- New debt buyback program will be the first since 2002
- Treasury also announces new benchmark of six-week T-bills
Pedestrians walk past the Treasury Department in Washington.
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
The US Treasury left its quarterly issuance of longer-term debt unchanged on Wednesday, with the government set to benefit from an expected slowdown in the Federal Reserve’s shrinking holdings of Treasuries.
The Treasury Department said in a statement it will sell $125 billion of longer-term securities next week at its so-called quarterly refunding auctions, which span 3-, 10- and 30-year Treasuries. That’s after boosting them the three previous quarters, taking some auction sizes to record levels.