MNI BRIEF: U.S. Treasury Leaves Coupon Auction Sizes Unchanged
Treasury says debt ceiling fight leading to greater variability in bill issuance.
The U.S. Treasury announced Wednesday it would keep nominal coupon auction sizes in the upcoming quarter unchanged, amounting to USD231 billion in February.
The department said it it will issue USD96 billion of securities at next week's quarterly refunding, and raising USD28.9 billion in new cash.
Officials say they plan to sell USD40 billion in 3-year notes on Feb. 7, USD35 billion in 10-year notes on Feb. 8, and USD21 billion in 30-year bonds on Feb. 9.
The Treasury Department said that until the debt limit is suspended or increased, debt limit-related constraints will lead to greater than-normal variability in benchmark bill issuance and significant usage of CMBs.
Anticipated Auction Sizes (billions USD)