Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
US TSYS/SUPPLY: SocGen's Subadda Rajappa said the Tsy's "sharp increases in
borrowing needs are likely to warrant more issuance across the curve, which
might eventually lead the Treasury toward re-introducing a 20y bond or an
ultra-long bond. Such an announcement is likely pre-mature for the November
meeting, but we will be looking closely for indications of such changes at the
upcoming refunding meeting."
- She added that "based on our estimates for an increase in the deficit from
$650bn in FY18 to $900bn and $1tn in FY18 and FY19 respectively, we adjust our
coupon issuance for the upcoming year. We expect increases of $2bn in the 2y
sector and $1bn in 10y and 30y, starting in November, with gross issuance of
$2.4tn and net issuance of $556 for calendar year (CY) 2018 (not including
roughly $200bn in SOMA add-ons for CY18). Any indication of increased long-end
issuance is likely to exert further pressure on long-end term premiums at least
over the short term."