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J.P.Morgan On Mid-Month Supply Matters

US TSYS

J.P.Morgan note that they expect the Treasury "to announce $58bn 3-Year notes for auction next week, unchanged in size since last month, as well as $41bn 10-Year notes, and $27bn 30-Year bonds, both unchanged in size since the last new-issue auctions in May. We think the 3-, 10-, and 30-Year rolls should open at +1.875bp, +1.375bp, and +0.5bp, respectively."

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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