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J.P.Morgan On The End Of Month Supply Announcement

US TSYS

J.P.Morgan note that the Treasury will announce end-of-month supply on Thursday, for auction next week. They "expect Treasury to announce $60bn 2-Year notes, $61bn 5-Year notes, and $62bn 7-Year notes, all unchanged in size since last month, and we also project $26bn reopened 2-Year FRNs, unchanged in size from last month's auction. We think the 2-, 5-, and 7-Year rolls should open at +0.75bp, +2.25bp, and +2.125bp, 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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