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MARKET INSIGHT

Price Signal Summary - Equities Head North

GREECE T-BILL AUCTION RESULTS

Sells E8.125bln Of 26-Week Bills

FOREX

FX OPTION EXPIRY

OPTIONS

Expiries for Oct26 NY cut 1000ET (Source DTCC)

MNI UST Issuance Deep Dive - October '21

The Treasury will likely keep auction sizes steady at $58B for the 3Y, $38B for the 10Y note and $24B 30Y bonds when they announce at 1100ET Thursday.

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EXECUTIVE SUMMARY:

  • September auction performance were either side of average in 2s (small tail), 3s and 5s (small stops), while September finished off with a weak 7Y note sale. The auction re-opens for 10s, 20s and 30s were all well received to strong, 10s with a 1.2bp stop after August's stellar 3.4bp stop-through.
  • Treasuries traded weaker as September wrapped up with 2-, 5- and 7Y auctions just as several Fed speakers expressed their opinion the Federal Reserve was edging closer to tapering.
  • The Treasury will likely keep auction sizes steady at $58B for the 3Y, $38B for the 10Y note and $24B 30Y bonds when they announce at 1100ET Thursday.

MNI_US_DeepDive_Issuance_Oct2021 (4) (2).pdf