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Auctions Sizes Shrink For May-July Quarter

US TSYS

The U.S. Treasury Wednesday said it plans to continue reducing auction sizes of coupons during the May-July quarter, but by smaller increments than in previous quarters, and left open the door for additional cuts in future quarters if needed.

  • The department will issue USD103 billion of securities at next week's quarterly refunding, raising USD55.2 billion in new cash. Officials say they plan to sell USD45 billion in 3-year notes on May 10, USD36 billion in 10-year notes on May 11, and USD22 billion in 30-year bonds on May 12.
  • The Treasury said it expects to cut the size of 2-, 3- and 5-year note auctions by USD1 billion each per month over the coming quarter, while 7-year auctions will be cut by USD2 billion per month in the same period.

Anticipated Auction Sizes (billions USD)

2-year3-year5-year7-year10-year20-year30-yearFRN
May - 20224745484236172222
June - 20224644474033141922
July - 20224543463833141924
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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