The US Treasury is set to borrow an additional $33.9bn from investors to accommodate the governments rising borrowing needs and will introduce a new debt security to help cope with the rising funding requirements.
The rise in debt issuance continues to be front-loaded on short-dated securities, with the sizes of the two- and three-year note auctions expected to increase by $1bn per month, according to official documents released on Wednesday. For longer dated Treasuries between five- and 30-years in length, the increase in issuance will be $1bn per quarter.
Following the announcement, the difference between two- and 10-year tr…
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