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The
department also said it would conduct a small-value test auction
using its contingency auction system on Aug. 17. More details
about the test will be announced on Aug. 15.
A Treasury official told reporters that the test auction, in
addition to Treasury's mock auctions, was prudent planning in
case of technical difficulties or a cybersecurity incident.
In line with other small-value auctions, it is expected to be in
the $25 million range, the official said.
On future coupon sizes, Deputy Assistant Secretary for Federal
Finance James Clark said in a statement the department "plans to
address changes in any seasonal borrowing needs over the next
quarter through changes in regular bill auction sizes and/or
cash management bills."
In its quarterly refunding announcement on Wednesday, Treasury
said it would auction $62 billion in coupon debt next week.
On Monday, Treasury said it expects to issue $201 billion
through credit markets during the July-September quarter, up $47
billion from its initial estimate in May.
(Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci)
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