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MNI UST Issuance Deep Dive: Sep 2024

MNI (NEW YORK) - EXECUTIVE SUMMARY:

September Auctions: Lack Of Pre-FOMC Concession

  • August’s coupon auctions were relatively weak per MNI’s Relative Strength Indicator, though it was a month of two halves to some degree as it took until Aug 27 before a sale traded-through the when-issued yield.
  • That sets up an interesting comparison with September’s sales, which also begin the month with yields at recent lows. 

Please see PDF for full analysis:

MNI_US_DeepDive_Issuance_2024_08.pdf

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