US Plans to Hold Note, Bond Sales Steady for ‘Several Quarters’
- Advisory panel recommends a 20% share for T-bills over time
- Dealers had seen some risk of altered guidance on notes, bonds
The Treasury Department said it will sell $125 billion of securities at its so-called quarterly refunding auctions next week.
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The US Treasury left its quarterly issuance of longer-term debt unchanged for the second straight time, and maintained its guidance that it doesn’t expect to need increasing issuance of notes and bonds for “several quarters.”
The Treasury Department said in a statement Wednesday it will sell $125 billion of securities at its so-called quarterly refunding auctions next week, which span 3-, 10- and 30-year maturities. Dealers had widely predicted that outcome, seeing the department as able to make up any funding shortfalls over the period via more bill sales.