The US Treasury Department said in a statement issued on Wednesday that it is expected to maintain the current auction scale for benchmark short-term treasury notes in the next few weeks and may issue an issue of short-term cash management notes around the end of November to meet cash management needs. The Ministry of Finance said that since corporate tax payments and non-withholding tax payments are expected to bring in capital inflows in mid-December, it is expected that the auction scale for shorter-term treasury bills will be lowered in December. “According to current forecasts, the Ministry of Finance is expected to maintain the current auction scale for benchmark short-term treasury notes until late November.” Based on the anticipated seasonal outflow of financial funds, the Ministry of Finance is expected to increase the auction scale of short-term treasury notes of various terms in January. The Ministry of Finance assumes a cash balance of $850 billion at the end of December. However, according to the current forecast for the upcoming quarterly refinancing period, the Ministry of Finance expects that the Ministry of Finance's general account balance may peak at $1.025 trillion in late November and late January, fluctuate up and down by 50 billion US dollars, mainly driven by large-scale capital outflows expected at that time

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