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MNI BRIEF: US Treasury Maintains Steady Issuance Guidance

Treasury releases refunding details for the November to January quarter.

The U.S. Treasury said Wednesday it will be borrowing USD125 billion to raise USD8.6 billion in new cash as part of its quarterly refunding auctions, carrying forward its guidance that auction sizes will stay steady in coming quarters and "is well positioned" for the fiscal outlook.

"Based on current projected borrowing needs, Treasury does not anticipate needing to increase nominal coupon or FRN auction sizes for at least the next several quarters," the department said in a statement.

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The U.S. Treasury said Wednesday it will be borrowing USD125 billion to raise USD8.6 billion in new cash as part of its quarterly refunding auctions, carrying forward its guidance that auction sizes will stay steady in coming quarters and "is well positioned" for the fiscal outlook.

"Based on current projected borrowing needs, Treasury does not anticipate needing to increase nominal coupon or FRN auction sizes for at least the next several quarters," the department said in a statement.

Keep reading...Show less