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https://www.gate.com/announcements/article/45974
The Treasury Department will increase the auction size of 4-week and 8-week Treasury bills by $25 billion each.
The U.S. Treasury will auction $80 billion in four-week Treasury bills.
The U.S. Treasury will auction $70 billion of eight-week Treasury bonds.
The issuance of more debt means that if there is insufficient demand, it is very likely to absorb liquidity in the risk market and drive interest rates up.