Forex Trading For Beginners 2021: U.S. Treasury announces quarterly funding needs going forward

Wednesday 3 November 2021

LON +1

SDNY+11

NY -4

TYO +9

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From the U.S. Treasury

Quarterly refunding of the $120 billion to raise about 44.1 billion of cash. Refund 75.9 billion immature insecurities
Expects to cut 2, 3, and 5 year note auctions each by 2 billion per month over the next three months
Anticipates cutting 7 year note auctions by 3 billion per month over the next three months
It will reduce auction sizes across all coupons, starting with modest reductions in the November 2021 and January 2022 quarters
Treasury to sell $56 billion of three year notes, $39 billion of 10 year notes, and $25 billion of 30 year bonds next week
Expects to cut 10 year note and 30 year bond auctions by $2 billion each, will cut 20 year bond auction by $4 billion