U.S. Treasury refunding set to offer relief from supply rises

Chassidy’s ultimate challenge | SaltWire #ultimatechallenge #canada #realitytvNEW YORK - The U.S. Treasury Department is expected to offer markets some relief next week when it details refunding plans for the coming quarter, by keeping the size of most of its auctions steady after three quarters of increases.

"It shouldn't be as big of an event risk as it was the past couple of quarters," said Vail Hartman, U.S. rates strategist at BMO Capital Markets in New York. That will also reduce the Treasury's need to raise cash via Treasury bills, with issuance of short-term debt in the last nine months of 2024 likely to be net negative, said Angelo Manolatos, macro strategist at Wells Fargo in New York.

For cash management purposes, the Treasury is likely to buy back shorter-dated debt mainly around major tax payment dates.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDITORIAL: Privacy, mental health and saving young people's livesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

C$ trims weekly gain as U.S. inflation remains stickyExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources sayExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Back in comfort zone, Magic look to even series with CavsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

'End of oil not in sight', OPEC Secretary General says in MEES articleExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Cardigan, P.E.I., resident raises alarm over fish hatchery pipe extensionsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »