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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.
MNI UST Issuance Deep Dive: Feb 2023 - Refunding Preview
MNI UST Issuance Deep Dive: Feb 2023 - Refunding Preview
EXECUTIVE SUMMARY:
- We expect Treasury to announce unchanged nominal coupon auction sizes in the upcoming quarter when its quarterly refunding report is released at 8:30 a.m. ET on Wednesday, February 1.
- While coupon sizes will grow again in future, that may not happen until well into 2023, and our estimates reflect an unchanged schedule through the 1st half at least
- Key topics outside the auction sizes will include discussion of potential Treasury buybacks and any plans surrounding the debt limit – including indications of cash management and bill supply.
- Our Deep Dive includes an estimated U.S. issuance schedule, review of October's auctions, and sell-side Refunding expectations.
Please see PDF for full analysis:
MNI_US_DeepDive_Issuance_2023_02.pdf
Source: Treasury, MNI
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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