US Treasury maintains steady pace of debt issuance

(Reuters) – The US Treasury Department said on Wednesday that it would hold its debt issues steady in the next quarter and the decline in outstanding government papers should slow.

The Treasury said it would remain unchanged from the previous quarter, except for $ 58 billion in three-year notes next year, $ 41 billion in 10-year bonds and $ 27 billion in 30-year papers.

He said that any change in the finance requirements would be addressed with the amendment of the issuance of treasury papers and cash management.

The Treasury also said it expects Congress to raise or suspend the US debt limit appropriately, and that it may take some extraordinary steps if lawmakers do not do so.

The government expects its balance sheet to be around $ 450 billion when the suspension of the federal debt limit expires on July 31.

He also expects the volume of Treasury papers to fall to about $ 150 billion by that date, an amount about a third decline of the notes issued since February.

(Reporting by Karen Bretel. Edited in Spanish by Marion Giraldo)