The U.S. Treasury is likely to maintain current auction sizes for the fifth consecutive quarter, but investors are keenly awaiting clues about future increases or potential near-term cuts. The focus is on any forward guidance changes that could impact markets. Treasury’s borrowing estimate for the second quarter is significantly higher than previously projected, influenced by debt ceiling restrictions.
Asian stocks gain, oil rises on Israel-Iran report
Oil prices surged following reports of potential Israeli preparations for strikes on Iranian nuclear facilities, as indicated by US intelligence. Asian stocks experienced gains, while
May 21, 2025