The US Treasury Department plans to increase the size of its auctions to manage its Growing Debt Load and rising financing costs. The department will auction $112 billion in debt next week, followed by increases in the auction sizes for various maturities. The Treasury expects to raise $9 billion in extra funds through the upcoming auction, and by the end of January, the auction sizes will have respective increases of $9 billion, $9 billion, $6 billion, and $3 billion. The announcement comes as Treasury yields are at their highest levels since 2007.

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