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MNI: Treasury Flags Last Rise In Issuance For Several Quarters

(MNI) WASHINGTON

Treasury intends to announce the date of the first regular buyback operation at the May refunding.

USPolicy NewsHomepageFiscalGovernment sectorBriefStoryRegionNorth America

The U.S. Treasury said Wednesday it would gradually increase nominal coupon auction sizes in February, March, and April, matching market consensus expectations. The agency flagged expectations it will not need any further increases beyond those announced today for "at least the next several quarters."

The department will issue USD121 billion of securities at next week's refunding, raising USD15.9 billion in new cash. Officials plan to sell USD54 billion in 3-year notes on February 6, USD42 billion in 10-year notes on February 7, and USD25 billion in 30-year bonds on February 8. The agency said it is "well positioned to address potential changes to the fiscal outlook and to the pace and duration of future SOMA redemptions."

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The U.S. Treasury said Wednesday it would gradually increase nominal coupon auction sizes in February, March, and April, matching market consensus expectations. The agency flagged expectations it will not need any further increases beyond those announced today for "at least the next several quarters."

The department will issue USD121 billion of securities at next week's refunding, raising USD15.9 billion in new cash. Officials plan to sell USD54 billion in 3-year notes on February 6, USD42 billion in 10-year notes on February 7, and USD25 billion in 30-year bonds on February 8. The agency said it is "well positioned to address potential changes to the fiscal outlook and to the pace and duration of future SOMA redemptions."

Keep reading...Show less