By Greg Robb
WASHINGTON (MarketWatch) - The Treasury Department said Wednesday it will sell fewer notes this quarter given the improvement in the fiscal outlook. A Treasury official said the department expects to gradually reduce the sizes of 2-year 2_YEAR +5.92% and 3-year notes 3_YEAR +3.96% between now and the end of September. The size of the reductions will depend on the pace and the extent of the fiscal improvement. Treasury also announced that it will auction the first floating rate note in January 2014. Treasury made no change to the size of its quarterly refunding auctions, saying it will sell $72 billion in notes and bonds next week. This is the same auction size for the past three years. Treasury said it has enough room under the debt ceiling so that Congress can raise it when they return after Labor Day.
