U.S. Treasury keeps auction sizes steady, mulls future cuts By Reuters

© Reuters. FILE PHOTO: The U.S. Treasury constructing is seen in Washington, September 29, 2008. REUTERS/Jim Bourg

CHICAGO (Reuters) – The U.S. Treasury Division mentioned on Wednesday it’s going to maintain its coupon issuance regular over the approaching quarter, however is contemplating reductions in future quarters.

The Treasury mentioned it’s going to promote $58 billion in three-year notes, $41 billion in 10-year notes, and $27 billion in 30-year bonds subsequent week, unchanged from final quarter. It added that potential cuts in issuance might be introduced as quickly because the November refunding.

Any shifts in borrowing wants shall be met with adjustments in its issuance of Treasury payments and money administration payments (CMBs), the Treasury mentioned, including that it expects to finish the weekly issuance of six-week CMBs later this month.

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