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MNI UST Issuance Deep Dive - May 2021

MNI UST Issuance Deep Dive - May 2021

  • Coupon and FRN auction sizes for the May-21 to Jul-21 quarter are widely expected to hold at current record levels outlined below amid some uncertainty over large-scale infrastructure spending and whether the debt ceiling that was suspended until July 31 via the Bipartisan Budget Act of 2019 will be reinstated.
  • That said, analysts anticipate a gradual reduction in auction sizes in the latter half of the year.
  • In our latest Issuance Deep Dive, we also review April's issuance performance.

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