The US Treasury will announce its....>

US TSYS/SUPPLY: The US Treasury will announce its quarterly borrowing needs

today at 3pm ET. And it will announce its August refunding auctions of

3/10/30-year Treasuries at 8:30am ET this Wednesday. "I suspect that Treasury

will hold off making any major announcements" about larger Treasury debt

issuance in the August refunding statement, "because the debt limit has to be

resolved before Treasury can ramp up issuance, in any case," said Amherst

Pierpont chief economist Stephen Stanley.

- He adds "the big announcement seems more likely at the November refunding, but

it would probably be a wise idea for (US Treasury) debt managers to at least

give the markets a heads-up in August, that once the debt limit is extended,

gradual increases in bill and coupon auction sizes are likely," Stanley said.