* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 20, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    ‘Gangs of London’ Producer Explains Season 3 Deaths, Hypes Season 4 – Citizen Tribune

    Gangs of London’ Producer Reveals Shocking Season 3 Deaths and Teases Exciting Season 4

    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Canada’s construction industry gets serious about investing in technology as pressure mounts to do more with less – Yahoo Finance

    Canada’s Construction Industry Accelerates Tech Investments to Overcome Growing Challenges and Boost Efficiency

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Get the lead out: Putting new at-home lead testing technology to the test | Denver7 Investigates – Denver7

    Putting the Latest At-Home Lead Testing Technology to the Ultimate Test

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    ‘Gangs of London’ Producer Explains Season 3 Deaths, Hypes Season 4 – Citizen Tribune

    Gangs of London’ Producer Reveals Shocking Season 3 Deaths and Teases Exciting Season 4

    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Canada’s construction industry gets serious about investing in technology as pressure mounts to do more with less – Yahoo Finance

    Canada’s Construction Industry Accelerates Tech Investments to Overcome Growing Challenges and Boost Efficiency

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Get the lead out: Putting new at-home lead testing technology to the test | Denver7 Investigates – Denver7

    Putting the Latest At-Home Lead Testing Technology to the Ultimate Test

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

US Treasury increases size of most of its debt auctions

November 1, 2023
in Business
US Treasury increases size of most of its debt auctions
Share on FacebookShare on Twitter

US Treasury yields fall on slower pace of auction increases for long-dated debt
© Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo

By Karen Brettell

(Reuters) -The U.S. Treasury Department on Wednesday said it will slow the pace of increases in its longer-dated debt auctions in the November 2023 to January 2024 quarter and expects it will need one more additional quarter of increases after this to meet its financing needs.

Treasury yields fell after the announcement on relief the increases were not as large as some had feared. The U.S. government on Monday cut its borrowing estimate for the October-December quarter to $776 billion — $76 billion less than its forecast in July.

Yields on benchmark were about 8 basis points lower on the day, dropping below 4.80% for the first time in about two weeks.

Treasury has been increasing auction sizes to fund a budget deficit which is increasing due to several factors such as higher government spending, fueled in part by rising interest payments on federal debt stemming from the Federal Reserve’s interest rate increases and quantitative tightening.

Monday’s borrowing estimate, however, came in less than expected partly because income tax payments from some states deferred due to natural disasters were now starting to flow in.

“It wasn’t as bad as feared. The guidance that there may be only one more quarter where it increases was somewhat comforting,” said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin.

The issuance details were announced hours ahead of the next interest rate decision from the Federal Reserve. U.S. central bank officials are broadly expected to leave rates on hold at 5.25%-5.50% for the second straight meeting, and ahead of the gathering a number of them had pointed to the sharp rise in bond yields since early summer as perhaps doing some of their work for them.

Should the lower-than-anticipated amounts of new debt issuance continue to pull Treasury yields lower, as they did immediately after the announcement, Fed officials may be put in a position to rethink that premise.

The market reaction was in contrast to last quarter when the U.S. government said it expected to borrow $1.007 trillion in the July-September quarter, $274 billion more than it had predicted in May, sparking a large bond sell-off.

EMPHASIS ON MIDDLE DURATIONS

This time, the Treasury focused its largest supply increases in short- and intermediate-dated auctions. Longer-dated debt, which has faced the brunt of the selloff over the past few months, saw more moderate increases.

The Treasury’s adjustments were “an effort to calm the panic in bond markets,” said Bruce Clark, macro strategist at Informa Global Markets in New York. “They lit a fire in the bond markets in August with the last refunding announcement and now they are attempting to put it out.”

The department will increase the size of its 10-year new issue and reopenings by $2 billion, down from $3 billion at the last refunding, and raise its $30-year bond new issue and reopenings by $1 billion, down from the prior increase of $2 billion. The 20-year bond auction sizes will remain unchanged, following an increase of $1 billion last quarter.

Two-year and five-year note auctions will be increased by $3 billion per month, and 3-year and 7-year note auctions will rise by $2 billion and $1 billion per month, respectively.

Joshua Frost, Treasury assistant secretary for financial markets, told a new conference that the decision to slow the growth of longer-dated securities was based on factors including expected borrowing needs and the structural demand for Treasury securities, “all with a goal towards aiming to fund the government at the lowest cost over time.”

Frost declined to discuss future revenue projections.

The Treasury plans to sell $112 billion in its quarterly refunding next week. This will include $48 billion in three-year notes, $40 billion in 10-year notes and $24 billion in 30-year bonds.

The government will also increase the size of its two-year floating rate note new issue and reopenings by $2 billion.

Some Treasury Inflation-Protected Securities (TIPS) auction sizes will also be increased, with a $1 billion increase in the December 5-year TIPS auction and January 10-year TIPS auction.

The Treasury also said it expects to implement “modest reductions” to short-dated bill auctions by early December, which are expected to be maintained through mid- to late-January. The bill auctions will be held at current levels through late in November.

Frost acknowledged that there was “robust demand” for bills and that they would likely remain above typical 15-20% share of federal debt during the next three months.

It is also considering changing its regular 6-week cash management bill to a benchmark, and will announce this decision at the next refunding. The Treasury added that it continues to make “significant progress” on its plans to launch a regular buyback program in 2024.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/us-treasury-increases-size-of-most-of-its-debt-auctions-3217102

Tags: businessincreasesTreasury
Previous Post

Reserve Bank of Australia Faces Pressure to Raise Interest Rates

Next Post

South Africa plans to boost tax take as higher debt peak seen

Crypto’s true revolution is about humanity, not technology – Cointelegraph

Crypto’s Real Revolution: Transforming Humanity Beyond Technology

June 19, 2025

Send in Your Questions for Richard Deitsch’s Next Sports Media Mailbag!

June 19, 2025
Child From World’s Oldest Burial Was Neanderthal-Homo Sapiens Hybrid – IFLScience

Child From World’s Oldest Burial Was Neanderthal-Homo Sapiens Hybrid – IFLScience

June 19, 2025
Do medicinal mushroom products actually work? – podcast – The Guardian

Do Medicinal Mushroom Products Really Work? Uncover the Truth!

June 19, 2025
Fish don’t mind bad weather; neither should you – The Inquirer and Mirror

How Fish Thrive in Bad Weather-and How You Can Too

June 19, 2025
FIFA reveals 1.5 million ticket sales in wake of sparse Club World Cup attendance – USA Today

FIFA Celebrates 1.5 Million Tickets Sold Despite Club World Cup’s Surprising Attendance Dip

June 19, 2025
Watch US Economy is Still Resilient, Rockefeller’s Fleming Says – Bloomberg

Watch US Economy is Still Resilient, Rockefeller’s Fleming Says – Bloomberg

June 19, 2025
Federal judge temporarily blocks Trump, RFK Jr. cuts to Columbus Public Health funding – The Columbus Dispatch

Federal Judge Halts Trump and RFK Jr.’s Funding Cuts to Columbus Public Health

June 19, 2025
US seizes record $225 million from crypto investment scammers – CNN

US Authorities Crack Down on Major Crypto Scam, Seizing Record $225 Million

June 19, 2025
$1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

June 19, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (692)
  • Economy (706)
  • Entertainment (21,609)
  • General (15,460)
  • Health (9,748)
  • Lifestyle (713)
  • News (22,149)
  • People (710)
  • Politics (713)
  • Science (15,926)
  • Sports (21,204)
  • Technology (15,694)
  • World (687)

Recent News

Crypto’s true revolution is about humanity, not technology – Cointelegraph

Crypto’s Real Revolution: Transforming Humanity Beyond Technology

June 19, 2025

Send in Your Questions for Richard Deitsch’s Next Sports Media Mailbag!

June 19, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version