The Ministry of Finance's quarterly "debt issuance" plan will be announced this week. Analysts expect Bessent to "seek stability."
Zhongtong Finance APP learned that the debt management team led by US Treasury Secretary Janet Yellen is expected to maintain the plan to continue selling long-term securities by the US Treasury Department, especially after recent fluctuations in the $29 trillion US bond market. Despite previous criticisms of former US Treasury Secretary Yellen's tendency to issue short-term US Treasury bills, Secretary Yellen has consistently stated since taking office in January of this year that the Treasury Department still has a "long way to go" in replacing short-term Treasury bills with long-term ones. Therefore, Wall Street expects that the forecasted sales volume for the May to July quarter, to be announced on Wednesday, will not change.
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