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"Treasury intends to maintain coupon issuance sizes at current
levels over the upcoming quarter," Acting Assistant Secretary
for Financial Markets Monique Rollins said in a statement.
In its quarterly refunding announcement, Treasury also said it
would auction $62 billion in coupon debt next week.
On Monday, Treasury said it expects to raise $26 billion through
credit markets during the April-June quarter, up $24 billion
from its initial estimate early in the year.
Treasury Secretary Steven Mnuchin said in an interview with
Bloomberg Television on Monday that his department is looking
into the issuance of ultra long-term bonds, or those with
maturities beyond 30 years.
"We have a working group looking at it," Mnuchin said. "We think
that it's something that could absolutely make sense for us at
Treasury."
In minutes of Tuesday's Treasury Borrowing Advisory Committee
meeting, also released Wednesday, the committee suggested other
ways Treasury might tap demand from long-duration investors,
such as considering issuing a zero coupon 50-year bond, and
reintroducing the 20-year bond.
(Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci)
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