Free Trial

U.S. Treasury Increases Auctions Again In Quarterly Refunding

US
  • Next week's refunding is USD122 billion (USD54B 3Y, USD41B 10Y, USD27B 30Y)
  • Treasury announces changes in coupon and FRN auction sizes that will result in an additional USD105 billion of nominal coupon issuance during the November-January quarter compared to the previous quarter.
  • Treasury anticipates gradually increasing TIPS issuance across all tenors in CY 2021, expecting total gross issuance of TIPS to increase by USD10 billion to USD20 billion in CY 2021.
  • No decision has been made by Treasury on a potential SOFR FRN.
  • The table below presents the anticipated auction sizes (in USD billon) for the upcoming quarter:
2-yr3-yr5-yr7-yr10-yr20-yr30-yrFRN
Oct-205452555335222326
Nov-20
5654575641272724
Dec-205856595938242424
Jan-216058616238242428
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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.