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Bill Sizes Upped Again To Fresh Record Highs

US TSYS/SUPPLY

Treasury raises bill auction sizes again - these settle Oct 17:

  • $56B 17-week, up $2B (auction on Oct 11)
  • $95B 4-week, up $5B (auction on Oct 12)
  • $85B 8-week, up $5B (auction on Oct 12)
  • With that, the 4-week size exceeds the April 2020 high offering of $90B; 8-week sets a new record high. See chart.
  • Note this latest round of upsizing wasn't fully expected though was certainly in line with the recent trend of increases: Wrightson ICAP wrote this morning that "We cannot rule out the possibility that the Treasury might announce one more round of bill-size increases this week, but our best guess is that it will hold all of its offerings steady for the rest of the month."

Source: BBG

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