The US government sold $620 billion of Treasury securities this week, in nine auctions. Of these auction sales, $480 billion were Treasury bills, with maturities from 4 weeks to 52 weeks, most of them to replace maturing T-bills. And $140 billion were 3-year, 10-year, and 30-year Treasury securities.
The Treasury Department reduced the size of three T-bill auctions (4-week, 6-week, 8-week) this week by a total of $55 billion compared to the same week in March and by $65 billion compared to the same week in February, as large amounts of tax receipts are flowing into the government’s checking account in April around Tax Day, including from quarterly estimated taxes for Q1 and from capital gains taxes for 2025.