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J.P. Morgan Look For Relatively Smooth Digestion Of 5-Year Supply

US TSYS

J.P.Morgan note that Wednesday will see the "Treasury auction $61bn 5-year notes, unchanged in size from last month. Given the recent backup in yields, and the 5-year sector somewhat cheap along the curve, we think tomorrow's auction will be digested relatively smoothly."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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