US Treasury Keeps Quarterly Refunding Steady at $125 Billion

The US will keep its government bond-auction sizes steady, the Treasury Department announced Wednesday, setting next week’s refunding at $125 billion.

The Treasury said it will sell $58 billion of three-year notes on Monday, followed by auctions for $42 billion of 10-year notes and $25 billion of 30-year bonds in the following days.

The quarterly refunding process spells out the near-term plans for sales of notes and bonds to fund the government. Bond dealers had widely expected the Treasury to keep the auction sizes unchanged from previous quarters.

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Ezra Fieser in New York ...