"Treasury Department Plans Record Debt Auction Amid Upbeat Economic Outlook"

The U.S. Department of the Treasury is offering $121 billion of Treasury securities to refund approximately $105.1 billion of privately-held Treasury notes maturing on February 15, 2024, with plans to gradually increase coupon auction sizes and conduct small-value buyback operations in April as part of its debt management strategy. The issuance includes a 3-year note, a 10-year note, and a 30-year bond, with auctions scheduled for February 6th, 7th, and 8th, respectively. Additionally, Treasury intends to maintain bill auction sizes at current levels into late March and evaluate the potential change of the regular 6-week CMB to benchmark status.