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Instant Answers For Treasury's Quarterly Refunding Announcement

US TSYS/SUPPLY
(MNI) WASHINGTON
  • Does Treasury say it anticipates another quarter of increases to coupon auction sizes beyond the increases announced today? NO. "Based on current projected borrowing needs, Treasury does not anticipate needing to make any further increases in nominal coupon or FRN auction sizes, beyond those being announced today, for at least the next several quarters."
  • Does Treasury announce a start date for a regular buyback program? NO. "Treasury intends to announce the date of the first regular buyback operation at the May refunding." "Treasury anticipates conducting several small-value buyback operations in April with a limited population of securities to test processes and infrastructure. Details about these small-value buybacks will be released at a later date."
The table below presents, in billions of dollars, the actual auction sizes for the November 2023 to January 2024 quarter and the anticipated auction sizes for the February to April 2024 quarter:


MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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