(Bloomberg) — The US Treasury left its quarterly issuance of longer-term debt unchanged on Wednesday, with the government set to benefit from an expected slowdown in the Federal Reserve’s shrinking holdings of Treasuries.
The Treasury Department said in a statement it will sell $125 billion of longer-term securities next week at its so-called quarterly refunding auctions, which span 3-, 10- and 30-year Treasuries. That’s after boosting them the three previous quarters, taking some auction sizes to record levels.
Officials said they don’t anticipate having to increase sales of regular notes and bonds “for at least the next several quarters.” Pressure on the Treasury is expected to ease when the Fed slows its run-off of US government securities holdings — something many dealers see likely to be announced later on Wednesday.
The Treasury also announced the start date for its first debt buyback program in more than two…
