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NEW YORK, Oct 30 - The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for U.S. notes and bonds for"at least the next several quarters," in line with expectations, as it announced quarterly refunding of $125 billion from November 2024 to January 2025.
"The refunding was pretty much close to our expectations. There could have been a small tweak to the guidance because 'at least for the next several quarters' is quite open to interpretation," said Angelo Manolatos, a macro strategist at Wells Fargo Securities. SOMA is managed by the U.S. central bank and contains assets acquired through operations in the open market.
The Treasury said it plans to maintain the November 10-year TIPS reopening auction size at $17 billion, increase the December five-year TIPS reopening auction size by $1 billion to $22 billion, and raise the January 10-year TIPS new issue auction size by $1 billion to $20 billion.
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