MNI US Macro Weekly: Liberation Brings Liquidation, No Fed Put
MNI US Macro Weekly: Liberation Brings Liquidation, No Fed Put
MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 7 Apr
MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 7 Apr
Key Events
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Link to the pagehttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarLink to the pageLink to the pageMNI US Macro Weekly: Liberation Brings Liquidation, No Fed Put
MNI US Macro Weekly: Liberation Brings Liquidation, No Fed Put
MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 7 Apr
MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 7 Apr
Key Events
Calendar
Link to the pagehttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarLink to the pageLink to the pageLatest insights
MNI Technical Analysis
Corrective Cycle In USDJPY
FI Market Analysis
FI Market Analysis
Download Full Report Here: https://media.marketnews.com/MNI_US_Deep_Dive_Issuance_2025_032_442dfaec5a.pdf EXECUTIVE SUMMARY: Treasury isn't expected to raise the size of its coupon offerings until Q4 2025 at the earliest, with consensus on such a shift moving following the February refunding announcement to Nov 2025/early 2026, from Aug/Nov 2025 prior. * As such, attention will be on the upcoming quarterly refunding announcement (April 30) to see whether there is any change from the long-standing guidance. Prevailing opinion is that guidance will be changed in May's refunding round to give plenty of notice ahead of a shift in issuance in November, though overall the perception is that risks are increasing of a later timeline. * We will provide a full preview of the Refunding announcement at the end of April. * March Auction Review: March's Treasury auctions brought the following results. Of the 7 nominal coupon auctions, three traded through and four tailed, with the 7-year sale standing out on the weak side according to MNI's Relative Strength Indicator (RSI). * Upcoming issuance: April is set to see $315B in nominal Treasury coupon sales, in addition to $25B in 5Y TIPS and $30B FRN for a total of $370B - a post-Oct 2021 high. * Buybacks: The past quarter's buyback results and the upcoming schedule are included later in this publication. Note cash management buybacks pick up in April around key mid-month tax revenues.
March 31, 2025 08:48We set out our expectations for gilt issuance and syndications in FY25-26 and review the Spring Statement
March 30, 2025 09:43Stagflationary developments ahead of an important week including US reciprocal tariffs, payrolls and Fed Chair Powell
March 28, 2025 06:37The EFSF, Germany, Spain, France and Finland are expected to issue E30.6bln over the upcoming week.
March 28, 2025 02:45FX Market Analysis
FX Market AnalysisA weekly wrap of some of the key theme/macro events in the Asia Pac region.
March 28, 2025 06:03Analyst forecasts compiled by MNI point to headline around 2.2% Y/Y and core around 2.5% Y/Y in March.
March 27, 2025 03:27Norges Bank held their policy rate at 4.50%, in line with consensus but against prior guidance for a 25bp cut.
March 27, 2025 02:16We look ahead to tomorrow's UK CPI release and the main takeaways from the 2025B weights publication.
March 25, 2025 03:55
