The US Treasury Department maintains its refinancing guidance unchanged, indicating that there will be no adjustments to the issuance of bonds before 2027.

The US Treasury signals confidence in issuing short-term debt to meet the government's increasing borrowing needs, despite warnings from external sources about the risks of its strategy. The Treasury stated in a quarterly debt policy statement on Wednesday that it expects to keep the size of nominal medium- and long-term bond issuances unchanged for "at least the next few quarters." The statement said, "The Treasury believes that the current auction sizes position it favorably to address potential changes in the fiscal outlook" and adjustments in the Federal Reserve's purchases of US Treasury bonds.