金十数据|11月 02, 2026 06:30
[JPMorgan Chase: US Treasury Expected to Maintain Guidance on Treasury Auction Size] Jinshi Data, November 2nd – JPMorgan Chase interest rate strategists stated ahead of the US Treasury's refinancing announcement this week that they expect the Treasury to maintain its guidance on future auction sizes, nominal coupon Treasury auction sizes, and repurchase auction sizes in its November refinancing announcement. However, they believe there is a risk of reducing the issuance of long-term Treasury bonds, although "we see no reasonable justification for this measure." Strategists believe the Treasury should remove the word "at least" from its long-standing future guidance. However, the Treasury's reluctance to adjust guidance last quarter, coupled with the specific adjustments made in August, indicates a more cautious and gradual approach.
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