The U.S. Treasury announced its refunding auction plans for November through January Wednesday morning which drew much attention given the market’s reaction to the last announcement and the high yields since. The Treasury announced that $112 billion in 3-, 10-, and 30-yr notes and bonds will be sold next week, aiming to raise $9.8 billion of new cash from private investors. The bond market reacted positively to issuance less than feared at the long end and some clarity that the … Continue reading “Treasury Funding Auction Sizes Increase, but Less Than Feared”