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52-Week Bill Size Upped, New 6-Week Bigger Than Expected

US TSYS/SUPPLY

Summing up Treasury's announcement of next week's issues:

  • Treasury coupon sizes for next week's auctions are unchanged, as expected.
  • For bill sizes: we saw no change in 13W bill (still $65B), 26W bill (still $58B), with 52W bill upped $2B (to $38B).
  • It was reasonable to have expected all three to have been upped by $2B so that's a slightly modest surprise.
  • However the new 6-week bill is probably chunkier than some expected, at $45B.

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