Free Trial

SocGen's Subadra Rajappa said US.....>

US TSYS/SUPPLY
US TSYS/SUPPLY: SocGen's Subadra Rajappa said US Tsy's "sharp increases in
borrowing needs are likely to warrant more issuance across the curve, which
might eventually lead the Tsy 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."

To read the full story

Close

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.