US Treasury Maintains Auction Sizes, Announces $125 Billion Refunding
The Treasury Department plans to keep auction sizes stable through January 2025 while moderately increasing TIPS auction sizes.
- The U.S. Treasury will hold steady on auction sizes for notes and bonds for several quarters, aligning with market expectations.
- The upcoming $125 billion refunding will cover maturing Treasury notes and bonds, raising $8.6 billion in new cash.
- The Treasury plans to sell $58 billion in three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds.
- Auction sizes for Treasury Inflation-Protected Securities (TIPS) will see moderate increases to maintain market stability.
- The Treasury anticipates issuing cash management bills in late November and adjusting bill auction sizes in December and January.