U.S. Treasury to Increase Debt Auctions This Week to Fund Growing Budget Deficit
-
U.S. Treasury likely to boost auction sizes for bills, notes, and bonds this week to fund worsening budget deficit
-
Budget deficit increasing due to higher borrowing costs from Fed interest rate hikes and quantitative tightening
-
Analysts expect deficit to expand to $1.85 trillion in 2024 from $1.69 trillion this year
-
Treasury to announce quarterly borrowing requirements Monday and refunding plans Wednesday
-
Treasury may skew issuance to shorter-term T-bills to limit impact on long-term yields