US Treasury shifts language, opening door to auction size changes
FROM THE WIRE · REUTERS.COM
The US Treasury Department on Wednesday altered its language regarding future auction sizes in a shift that analysts expect will pave the way for larger sales of short- and intermediate-dated debt and possible cuts to longer-dated auctions.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralPossible increases in short and intermediate auctions and cuts to long-dated ones would move the Treasury curve.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The US Treasury altered its language on future auction sizes on Wednesday.
- 02Analysts expect larger sales of short- and intermediate-dated debt.
- 03Possible cuts to longer-dated auctions are not ruled out.