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Bill Upsizings Continue

US TSYS/SUPPLY

Treasury has upped the sizes of the 4-/8-/17-week bill offerings for the 2nd consecutive week, by the same magnitudes as last week. This is in addition to the $5B increase to the 6-week ($75B) and $2B to the 52-week ($46B) bills being sold today, and the 13-/26-week bill increases that sold Monday (+$2B each).

  • This latest upsizing was anticipated, in both timing and magnitude, following last week's increase. More increases to bill issuance sizes are seen as likely.

Wednesday's and Thursday's auctions (all of which settle Tue Jan 30, raising $28B in new cash for the Treasury) will include:

  • $60B 17W Bill on Wed Jan 24 (+$2B)
  • $90B 4W Bill on Thu Jan 25 (+$5B)
  • $90B 8W Bill on Thu Jan 25 (+$5B)

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