Reported about 1 month ago
The US Treasury has confirmed it will stick to its long-term debt sales plan into 2025, despite new Secretary Scott Bessent's prior criticisms of the previous strategy. Bessent, maintaining the framework set by his predecessor Janet Yellen, plans to sell $125 billion in debt across various maturities next week. While stakeholders had hoped for adjustments in response to market conditions, the guidance to keep auction sizes stable remains unchanged as the Treasury navigates borrowing needs amid fiscal deficits and debt ceiling constraints.
Source: YAHOO