-- The US Treasury intends to maintain its nominal coupon auction sizes, its quarterly refunding announcement Wednesday showed.
"Treasury believes its current auction sizes leave it well positioned to address potential changes to the fiscal outlook and to the size and composition of the SOMA portfolio," the Treasury said in its statement.
"Based on current projected borrowing needs, Treasury anticipates maintaining nominal coupon and FRN auction sizes for at least the next several quarters."
Next week, the Treasury will sell $58 billion of 3-year notes, $42 billion of 10-year notes, and $25 billion of 30-year bonds.
Treasury also said that it plans to maintain the current sizes of its TIPS auctions over the coming quarter.
Any unexpected borrowing needs will be met by changes in regular bill or cash management bill sizes, it said.
Treasury expects to increase the auction sizes of its shorter-dated benchmark bills over the coming weeks before reducing them in June based on projections of incoming tax receipts, before increasing them again in July.