The U.S. Treasury Department said on Wednesday it will hold its coupon issuance and floating-rate note issuance steady "for at least the next several quarters." The move is likely to ease fears that an earlier-than-expected increase in longer-dated debt auctions could add pressure to yields already trading near multi-year highs.
Yields have climbed recently as a renewed spike in oil prices reignited inflation concerns, while confusion over Federal Reserve policy added further upward pressure. Worries that Treasury could boost issuance of longer-dated debt had compounded the move.
