Why MNI
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.
The U.S. Treasury announced Wednesday it would keep nominal coupon auction sizes in the upcoming quarter unchanged and said it may need to modestly increase auction sizes later this year, potentially as soon as August.
The department said it will issue USD96 billion of securities at next week's quarterly refunding, and raising USD20.8 billion in new cash. Officials say they plan to sell USD40 billion in 3-year notes on May 9, USD35 billion in 10-year notes on May 10, and USD21 billion in 30-year bonds on May 11.
The Treasury Department said that until the debt limit is suspended or increased, debt limit-related constraints will lead to greater than-normal variability in benchmark bill issuance and significant usage of CMBs.
Anticipated Auction Sizes (billions USD)
Source: Treasury Department
Why MNI
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.