The phrase appears repeatedly in Treasury’s own documents and in the GAO’s March 2026 report that examined them: “regular and predictable.” It is the governing doctrine of U.S. debt management, the principle against which every auction decision is calibrated, and — to an extent that might surprise observers expecting more sophisticated maneuvering — almost the entirety of what Treasury can actually do. The GAO’s report (GAO-26-107529) sets out the framework clearly.