U.S. Treasury to keep coupon issuance steady


CHICAGO, Aug 4 - The United States Department of Commerce said on Wednesday that it would keep its coupon issuance steady over the coming quarter but is considering reductions in future quarters.

The Treasury said it will sell $58 billion in three-year notes, $41 billion in 10-year notes and $27 billion in 30-year bonds next week, unchanged from last quarter. It added that potential cuts in issuance could be announced as soon as refunding was released.

Any changes in borrowing needs will be met with changes in its issuance of Treasury bills and cash management bills, the Treasury said, adding that it expects to end the weekly issuance of six week CMBs later this month.