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And Nomura's Goncalves adds that.....>

US TSYS/SUPPLY
US TSYS/SUPPLY: And Nomura's Goncalves adds that "however, there is no rush to
increase auction sizes just yet, as T-bills issuance can handle the Fed's
roll-offs well into 1Q18, and to increase nominals before fully modeling out the
impact from tax policy changes could be premature. The last time the Treasury
meaningfully increased auction sizes was back into and out of the global
financial crisis."

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