US to sell USD 77bln of 26-week bills and USD 89bln of 13-week bills on May 11th, to sell USD 80bln of 6-week bills and USD 50bln of 52-week bills on May 12th; all to settle May 14th

The upcoming issuance of USD 77 billion in 26-week bills and USD 89 billion in 13-week bills, along with other short-term debt offerings, signals strong government funding intentions. This level of issuance could impact demand dynamics in the Treasury market, influence yields, and potentially spill over into broader risk sentiment and currency valuations, particularly the USD against other currencies like EUR and JPY.