The U.S. Treasury maintained the size of its quarterly bond sales but raised its borrowing estimate for the current quarter to $739 billion.
The U.S. Treasury Department on Wednesday released its quarterly refinancing statement, maintaining the auction sizes for future bills and coupon-bearing Treasury notes, in line with market expectations. At the same time, the statement changed the wording regarding the future issuance size of long-term coupon-bearing Treasury notes from "increase" to "adjust," sparking market speculation about future debt issuance strategies. Analysts anticipate that the total U.S. federal government debt will exceed $40 trillion within the next two weeks.
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