- Total refunding of $125billion in May-July quarter, including $17.2b of new cash
- Will sell $58 billion in 3s, $42b in 10s and $25b in 30s
- To increase 5y TIPS by $1b to $21b
- To keep 10y TIPS at $16b
- Prudent to continue incremental increase in TIPS in May-July quarter
- Expects to increase 4, 6, and 8 week bill auctions in coming days
- Through July plans to hold weekly liquidity support buybacks of up to $2b per quarter
Yields are at the lows of the day after the announcement.
This article was written by Adam Button at www.forexlive.com.
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