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Bond Dealers Expect US Will Avoid Signaling Auction Increases
['Elizabeth Stanton', 'Tue', 'August At Pm Bst', 'Min Read']
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Most Read from BloombergThe Treasury Department is slated to announce its note and bond auction plans for the August-to-October quarter on Wednesday at 8:30 a.m. in Washington.
Since May 2024, it has projected "maintaining nominal coupon and FRN auction sizes for at least the next several quarters" in its so-called quarterly refunding statements.
But several dealers still expect increases in February, barely within the range defined by "at least the next several quarters."
Most of those banks are looking for bigger auctions in February, however.
Ones that see steady sizes until May or August mostly say Treasury officials can justify leaving the guidance in place.