U.S. Treasury announces $125 billion refunding through April

Investing.com -- The U.S. Treasury Department announced on Wednesday a total quarterly refunding of $125 billion for the February to April 2026 period, which aims to raise $34.8 billion in new cash from private investors.

The Treasury will maintain its coupon and floating rate note auction sizes at current levels for at least the next several quarters, according to the department's statement.

For next week's auctions, the Treasury plans to sell $58 billion in three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds.

The department indicated it continues to evaluate potential future increases to coupon and floating rate note auction sizes. Any future auction increases will take into account trends in structural demand and potential costs or risks to issuance profiles.

Treasury Inflation-Protected Securities (TIPS) auction sizes will remain at current levels, and the Treasury will maintain benchmark bill offering sizes at or near current levels through mid-March.

The department expects to reduce short-dated bill auction sizes by late March due to the April 15 tax date. These cuts will likely lead to a decline in net bill supply by $250-$300 billion by early May.

The Treasury's General Account (TGA) could reach approximately $1.025 trillion by late April, according to the announcement.

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