June 23, 2022 02:21 GMT
J.P.Morgan On End-Of-Month Supply Matters
US TSYS
J.P.Morgan note that Thursday will see “Treasury announce end-of-month supply for auction next week. We expect Treasury to announce $46bn 2-Year notes, $47bn 5-Year notes, and $40bn 7-Year notes, $1bn, $1bn, and $2bn smaller in size since last month. We think the 2-, 5-, and 7-Year rolls should open at +3.5bp, -0.125bp, and +0bp, respectively.”
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