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Morgan Stanley See Smaller Than Average U.S. Tsy Extension This Month

MONTH-END EXTENSIONS

Morgan Stanley expect “the 1y+ UST index to extend by ~0.065y, compared to an average July (0.08y) and an average month (0.09y). A total of about US$222 billion of supply (offered amount) will affect the extension, and US$184.5 billion market value of bonds will fall out of the index.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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