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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.
MNI UST Issuance Deep Dive: Apr 2024
MNI UST Issuance Deep Dive: Apr 2024
EXECUTIVE SUMMARY:
- April is projected to see $315B in nominal Treasury coupon sales - the highest since November 2021 ($319B).
- The $368B in total sales (including $23B TIPS, $30B FRN) will mark the highest amount since October 2021 ($357B).
- This comes following relatively strong coupon auctions in March, in which 5 (of 7) sales traded through - each receiving a positive reading on MNI’s Relative Strength Indicator.
- Sale amounts are expected to peak in May’s refunding month, with Treasury indicating earlier this year that the Feb-Apr quarter was anticipated to be the last for auction upsizing.
- MNI’s Treasury / Bill issuance calendar is regularly updated at this link.
Please see PDF for full analysis:
MNI_US_DeepDive_Issuance_2024_04.pdf
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.
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