Will Treasury’s Upcoming Monster Borrowing Plans Outshine Fed’s Interest Rate Call?

The spotlight on Wednesday could move from the Federal Reserve’s policy meeting to the Treasury Department’s forthcoming borrowing plan.

What Happened: The Treasury Department’s quarterly refunding announcement is expected to reveal its strategy to amplify sales of long-term debt, as reported by Bloomberg. This development surfaces as these long-term bonds have fallen for weeks, despite the Federal Reserve hinting at a possible cessation of interest rate hikes.