Free Trial
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.
US TSYS/SUPPLY
As expected, Treasury will keep June's remaining coupon auction sizes unchanged: $42B 2Y Note Jun 26, $43B in 5Y Note Jun 27, and $22B 2Y FRN / $35B in 7Y Note on Jun 28. Likewise, bill sizes were unchanged: 6W set at $50B (Jun 27), 13W set at $65B (Jun 26), 26W set at $58B (Jun 26).
- The bills settle on Jun 29, raising a net $76B ahead of large Treasury payments at end-month; the coupons settle on Jun 30 alongside the 20Y sale yesterday and the 5Y TIPS sale today for a total of $67B of net cash raised.
- The TGA jumped to $327.9B by Monday's close, up $61B on the day and $305B since June 1. That's the first $300+B reading since mid-April, and the $203B in net cash raising (including Bill settlements on Tue Jun 27) next week, plus another $71B of net bills settling today, will go a long way toward reaching the $425B Treasury target for June 30.
Source: Treasury, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok