Free Trial

J.P.Morgan Weigh In On End-Of-Month Supply Matters


J.P.Morgan note that Thursday will see “Treasury announce end-of-month supply for auction next week. We expect Treasury to announce $42bn 2-Year notes, $43bn 5-Year notes, and $35bn 7-Year notes, each $1bn smaller in size than last month, and we also project $24bn new-issue 2-Year FRNs, unchanged since last new-issue auction in July. We think the 2-, 5-, and 7-Year rolls should open at +2.125bp, +0.25bp, and -0.875bp, respectively.”

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.