The U.S. Treasury has not signaled a reduction in long-term government bond issuance

The U.S. Treasury did not explicitly suggest a reduction in the scale of long-term Treasury bond auctions, leading to a slight increase in long-term U.S. Treasury yields. Before the quarterly refinancing announcement on November 4, the Treasury consulted with Treasury bond dealers but did not release any clear signals regarding a potential reduction in the issuance scale of long-term Treasury bonds.