U.S. Treasury Seeks Large Bond Holders' Reports Amid Scarcity, Announces Multiple Bill Auctions on July 10, 11

The U.S. Treasury Department has requested large holders of a 20-year Treasury bond, particularly the 4.75% bond maturing in November 2043, to report their positions if they hold $1.6 billion or more. This move comes after the bond became expensive for traders to borrow under repurchase agreements last year, indicating a scarcity. The Treasury has set a deadline for these reports to be received before noon EDT on Monday, July 15. Additionally, the Treasury has announced several bill auctions, including $90 billion of 4-week bills and $85 billion of 8-week bills to be sold on July 11, and $60 billion of 17-week bills to be sold on July 10, all to settle on July 16. The Federal Reserve has also placed significant bids on various U.S. bills, including $3.9 billion for 6-month bills, $2.6 billion for 1-year bills, and $9.4 billion for 3-year notes. Non-competitive bids for these auctions have also been accepted.