Free Trial

Q2 Refunding to sees sales totalling USD 126 Billion

US TSYS

The U.S. Treasury said Wednesday it anticipates cutting T-bill auctions by USD150 billion in the months ahead and leaving longer-dated issuances steady, relying on its cash pile to fund the Biden administration's fiscal policies, as officials contend with uncertain debt limit deadlines to come at the end of July.

  • The department will issue a record USD126 billion of securities at next week's quarterly refunding, the same as last quarter, and raising USD47.7 billion in new cash.
  • Officials say they plan to sell USD58 billion in 3-year notes on May 11, USD41 billion in 10-year notes on May 12, and USD27 billion in 30-year bonds on May 13
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.