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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 - September 2021
The next Treasury supply announcement is Thursday, September 2, estimated total at $120B over 3s, 10s and 30s over the shortened post-Labor Day holiday week.
Morgan Stanley analysts note "total coupon issuance (new 20y, 30y TII reopening, new 2y, 5y, 7y) settling at the end of August is an estimated $218bn versus $8.3bn coupons and $110.5bn redemptions, resulting in net issuance of $99.2bn."
August auction performance improved after a uniformly weak July. Only three tailed (5s, 7s and 30s) and modestly so, while the 30Y Bond saw its fourth consecutive tail. The 10Y Note was exceptionally strong followed by the 2Y.
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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