July 14 (Reuters) - The U.S. Treasury Department is asking primary dealers their views on what specific bonds it should issue more of when it needs to raise more funds through the bond market, and for details around how a likely bond repurchase program would work.
The Treasury noted that it may need to “modestly” increase the size of some of its coupon-bearing debt auctions as soon as August and asked banks which maturities they expect to see increased, and how size increases should be managed across the Treasury curve.
It also queried dealers on whether it should increase sales of floating-rate notes and/or Treasury Inflation-Protected Securities (TIPS) as part of this process.
The Treasury also asked banks their opinions on details around a bond repurchase program that it has previously indicated is likely to begin in 2024.
The questions are being posed as part of its regular survey of dealers before each of its quarterly refunding announcements.
Persons:
Karen Brettell, Chizu
Organizations:
U.S . Treasury, Treasury, Securities, Thomson