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

CHICAGO (Reuters) – The U.S. Treasury Department said on Wednesday it will keep its coupon issuance steady over the coming quarter, but is considering reductions in future quarters.

The Treasury said it will sell $58 billion in three-year notes, $41 billion in 10-year notes, and $27 billion in 30-year bonds next week, unchanged from last quarter. It added that potential cuts in issuance could be announced as soon as the November refunding.

Any shifts in borrowing needs will be met with changes in its issuance of Treasury bills and cash management bills (CMBs), the Treasury said, adding that it expects to end the weekly issuance of six-week CMBs later this month.

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