美国将季度再融资发债规模定于1250亿美元，符合预期

Core Viewpoint - The U.S. Treasury's refinancing plan is expected to have a more profound impact on the bond market than the Federal Reserve's meetings, with a quarterly refinancing bond issuance set at $125 billion, aligning with expectations [1] Group 1: Refinancing Plan Details - The Treasury plans to issue over $1 trillion in bonds this quarter, partly to replenish the Treasury General Account (TGA) at the Federal Reserve [1] - The Treasury Secretary has indicated a reluctance to pursue long-term borrowing, suggesting an increase in short-term bond issuance [1] Group 2: Market Implications - Analysts warn that a surge in short-term debt could undermine the effectiveness of the Federal Reserve's monetary policy [1] - The upcoming second part of the refinancing announcement will provide detailed information on the debt maturity structure to meet borrowing needs [1]