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# POV, TREASURY FUTURES LIKELY.......>

US TSY FUTURES
US TSY FUTURES: # POV, TREASURY FUTURES LIKELY WEIGHED BY INCOMING
ANNHEUSER-BUSCH/INBEV ISSUANCE
- Incoming corporate issuance includes 5-tranche issuance from Annheuser-Busch
INBEV today, covering 5-, 10-, 20-, 30- and 40Y. 
- Why is this significant? AB/INBEV holds the record for the second largest debt
issuance on record: $46B AB InBev from Jan 13, 2016 preceded a significant drop
in 10Y Tsy yields that lasted weeks. Topping the list was $49B Verizon from Sep
11, 2013. Third largest issuance on record was from earlier this month with $40B
CVS issuance that spanned 9-tranches.
- Lead-up to Wednesday's FOMC policy annc., while .25 bp hike expected, SEP/dot
plot speculation is keeping many sidelined, adding to thin conditions today,
exacerbating sell-off if If AB/INBEV comes out with a new record issuance. 

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