US quarterly bid, sensitive issue ahead of election - scale left unchanged

2024/7/30 2:21 JST (some excerpts)
The issuance scale of medium- to long-term bonds is expected to remain unchanged for 2 consecutive quarters, announced on the 31st
Republican lawmakers criticize that Treasury Secretary Yellen manipulates issuance
The scale of issuance of quarterly regular bids announced by the US Treasury Department on the 31st has become politically sensitive. The background is that some Republican lawmakers criticized the Biden administration for manipulating the issuance of US bonds.

Among dealers, the prevailing view is that the Ministry of Finance will keep the scale of issuing medium- to long-term bonds unchanged for 2 consecutive quarters in line with conventional guidance.
　　Many Republican economic policy commentators and members of the same party have criticized Treasury Secretary Yellen and his team for intentionally suppressing the amount of medium- to long-term bonds issued and instead satisfying funding needs with US Treasury short-term securities (TB). It is an assertion that it is an effort to revitalize the economy by suppressing yield increases ahead of elections, and increase support for the Democratic Party.