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Bill Auction Sizes Left Unchanged In Mild Surprise

US TSYS/SUPPLY

Some observers had expected Treasury to cut the sizes of its bill offerings today, with its cash balance set to pick up ($509B as of Sep 8th close) alongside the Sept 15th tax date with an eye to its $650B end-Sept target.

  • That was not the case and the upcoming 4-/8-/17-week bill auction sizes are unchanged (these bill sales settle Sep 19th):
  • 17W Bill (auction Sep 13) unch at $50B
  • 4W Bill (auction Sep 14) unch at $80B
  • 8W Bill (auction Sep 14) unch at $70B

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