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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: Nov 2022 - Refunding Preview
MNI UST Issuance Deep Dive: Nov 2022 - Refunding Preview
EXECUTIVE SUMMARY:
- Following 4 consecutive rounds of reductions, Treasury is widely expected to keep auction sizes basically unchanged in the upcoming quarter.
- There are risks that there are reductions to 20Y Bond sizes, and increases to TIPS sizes.
- The other main area of focus is on potential Treasury buybacks, but an announcement may have to wait until February at least.
- 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_Nov2022.pdf
Figures in US$ B.Figures in US$ B.Source: US 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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