The US Treasury kept its quarterly auction of long-term debt, planned for next week, at a record size to help fund the government’s continuing wave of stimulus spending, though it set the stage for future reductions. The Treasury, in a statement Wednesday, offered no major changes in its strategy for issuing notes and bonds over the coming quarter, and said it will sell $126bn of long-term securities at auctions next week. The department said sales of inflation-protected securities will rise further, amid “solid demand.” “Continuing current issuance sizes and patterns may provide more borrowing capacity than is needed to address borrowing needs over the intermediate-to-long term,” the Treas
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