WASHINGTON, July 31 The U.S. Treasury plans to
cut by $1 billion the coupon auction size in two-year notes in
the next month, Treasury Assistant Secretary for Financial
Markets Matthew Rutherford said on Wednesday.
Rutherford said auction sizes for both two- and three-year
notes will decrease by a further $1 billion in September or
The Treasury earlier on Wednesday said it planned to
decrease coupon auction sizes due to the improvement in the
government's fiscal position.
Rutherford told reporters the cuts in auction sizes would be
more modest than the last time Treasury cut back, in 2010, as
there is other debt that will mature soon, in five and