The US Treasury is set to keep its sales of long-term debt steady in a new plan this week, with the government expected to get relief soon from the Federal Reserve’s rapid run-down in its securities holdings.
Dealers anticipate the Treasury on Wednesday will follow through on its January guidance of holding off on further increases in its so-called quarterly refunding auctions — which are now approaching the record sizes seen in the Covid crisis. That would mean $125 billion in auctions of longer-term securities next week.
