Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For “Several Quarters”, Will “Modestly Increase” Bill Offering Size Earlier this week, in our Quarterly Refunding preview we said that “the August refunding package will be identical to the one in May, with $125bn in gross issuance across 3y, 10y and 30y auctions. In addition, expect unchanged 5y TIPS new issue and 30y TIPS reopening (at $23bn and $8bn, respectively), and a $1bn increase to the 10y TIPS reopening (to $17bn) to commensurate with the increase in the 10y TIPS new issue auctioned this month.” Well, that’s precisely what the Treasury… — Continue at ZeroHedge News : Read More
Home » Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For “Several Quarters”, Will “Modestly Increase” Bill Offering Size – Tyler Durden