According to Jin10, the U.S. Treasury gave no clear signal that it would reduce long-term Treasury auction sizes, and long-term Treasury yields edged higher, The Wall Street Journal reported. Before the November 4 quarterly refunding announcement, the Treasury sought dealers’ views on how to adjust auction sizes in light of future borrowing needs and investor demand. Some investors had expected the Treasury to consider reducing long-term debt supply, given the Trump administration’s aim of lowering Treasury yields.