The U.S. Treasury announced plans to increase the issuance of short-term Treasury bills, specifically focusing on 4-week, 6-week, and 8-week maturities. Auction sizes for the 4-week and 8-week bills have been raised by $25 billion each, with upcoming auctions including $80 billion of 4-week bills scheduled for July 10 to settle on July 15, and $70 billion of 8-week bills. Additionally, the Treasury is set to auction $58 billion of 3-year notes, with the yield at the time of auction around 3.887% to 3.891%, reflecting a slight increase compared to market expectations. The Federal Reserve also placed bids totaling $2.9 billion for 52-week bills and $6.9 billion for 3-year notes. The increased issuance of short-term debt could potentially absorb liquidity from risk markets and put upward pressure on interest rates.