Treasury supply has been in focus recently as the resolution of the debt limit has brought with it over $700bn in T-bill supply over the last two months. In coming weeks, the focus will shift toward longer-duration supply, as Treasury will likely announce increased coupon auction sizes at the upcoming August refunding. We preview the quarterly refunding announcement with a medium-term perspective toward Treasury issuance, and the implications for rate levels.

Speakers:

John Barry

Phoebe White

This podcast was recorded on July 24, 2023.

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