Lates News

According to The Wall Street Journal, the U.S. Treasury did not clearly hint at reducing the size of long-term Treasury auctions, pushing long-term U.S. Treasury yields slightly higher. Ahead of the quarterly refunding announcement on November 4, the Treasury sought opinions from Treasury dealers on how Treasury auction sizes should be adjusted, taking into account future borrowing needs and investor demand. However, the Treasury did not send any further clear signal that it might reduce the scale of long-term Treasury issuance in the near term. Previously, some investors had expected that, given the Trump administration's desire to push down U.S. Treasury yields, the Treasury might consider reducing the supply of long-term Treasuries.