US Treasury signals increase in size of bond sales

10-year bond auctions to increase by $2bn vs. $3bn expected

Auctions of 2-year bonds to increase by USD 3bn/month
3-year auctions increase by USD 2 billion/month
5-year auctions increase by USD 3 billion/month
10-year auctions increase by USD 2 billion/month
30-year auctions increase by USD 1 billion/month
Total coupons at US$112bn vs. US$114bn expected (up US$9bn q/q)

"Treasury anticipates that, in addition to the increase announced today, another quarter of growth in coupon auction volumes is likely to be needed." - was added in the release

TNOTEs gained slightly briefly after the announcement of the new auctions plan. However, some of the increases were quickly erased.

Source: xStation