US Treasury says it doesn’t expect to raise coupon auction sizes for next several quarters

The Treasury maintained the language in the quarterly refunding announcement that said they didn’t expect a need to raise coupon auction sizes for the next several quarters. This was largely expected was coupled with no surprises for coupon sizes at:

• $58B in 3s
• $42B in 10s
• $25b in 30s

Overall the announcement includes $125 billion of refunding at $8.6 billion in new cash. A lone change is that 5-year TIPS will increase to $22B from $21B in December.

This article was written by Adam Button at www.forexlive.com.