Treasury Polled Its Dealers on Auction Sizes and Bigger Long-End Buybacks Ahead of Wednesday's Refunding

Stock Preachers News Commentary

CHICAGO, Nov. 2, 2026 /PRNewswire/ -- The U.S. Treasury Department is scheduled to publish updated borrowing estimates today and its quarterly refunding statement on Wednesday, November 4, and this time the agenda reaches beyond the usual auction calendar. In the run-up, Treasury asked its primary dealers how investor demand for its debt is shifting, what changes to auction sizes it should consider, how its enlarged buybacks of longer-dated bonds have worked, and whether it should begin avoiding auctions of bills and floating rate notes on days when the Federal Open Market Committee is expected to release a policy statement, a practice it typically already follows for nominal coupons and inflation-protected securities. Meanwhile, the exchanges, trading platforms and banks that carry Treasury trading, clearing and collateral have reported third-quarter results in recent weeks as the industry prepares for a central clearing deadline at the end of the year. Active Companies from around the markets with current developments this week include: CME Group Inc. (NASDAQ: CME), Tradeweb Markets Inc. (NASDAQ: TW), MarketAxess Holdings Inc. (NASDAQ: MKTX), Intercontinental Exchange, Inc. (NYSE: ICE), The Bank of New York Mellon Corporation (NYSE: BNY).