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AUD

Struggles To Break 0.78 Handle

AUSSIE BONDS

Supply & Local Data Due

JPY

USD/JPY Remains Heavy

US TSYS

Assessing A Narrow Day

NZD

Kiwi Recoups Monday's Losses

     
As of September 19, 2018
Source:  U.S. Federal Reserve Bank of New York                              
Figures in millions of U.S. dollars                                         
Total net position and level changes calculated by MNI
--------------------------------------------------------------------------------
Wednesday-to-Wednesday                19-Sep-18  12-Sep-18  05-Sep-18  29-Aug-18
U.S. Government Securities (excl
TIPS)
Treasury Bills                            18476      19046      24186      28431
Coupon Securities
due in less than or equal to 2
years                                     27637      33217      26146      26503
due in more than 2 years but less
than or equal to 3 years                  11791       9871       7797      14492
due in more than 3 years but less
than or equal to 6 years                  11691      22513      16813      26141
due in more than 6 years but less
than or equal to 7 years                  10328      12231      12853      14454
due in more than 7 years but less
than or equal to 11 years                  3978       7392       4631       5644
due in more than 11 years                 29531      29236      31326      37022
U.S.Floating Rate Notes
Floating Rate Notes                        4375       5853       7493       7054
U.S. Treasury Inflation-Protected
Securities (TIPS)
due in less than or equal to 2
years                                      5991       5806       5328       5327
due in more than 2 years but less
than or equal to 6 years                   2332       4312       6617       6926
due in more than 6 years but less
than or equal to 11 years                  2963       2283       1715       2210
due in more than 11 years                   387        355        210        -90
Total U.S. Government Securities         129480     152115     145115     174114
Federal Agency and Government
Sponsored Enterprise Securities
Discount Notes                             4277       5201       4822       3931
Coupon Securities                         11517      10754      10649      11678
Total Federal Agency and
Government Sponsored Enterprise
Securities                                15794      15955      15471      15609
(excluding Mortgage-backed
securities)
Mortgage-backed Securities
Federal Agency and GSE MBS
Federal Agency and GSE Residential
Pass-through MBS                          22267      23828      26587      25386
All Other Federal Agency and GSE
Residential MBS                           25336      24513      24768      22143
Federal Agency and GSE CMBS                4031       4237       4496       4494
Non-Agency MBS
Non-Agency Residential MBS                 7513       7263       7774       7609
Other CMBS                                 5699       5998       5734       5844
Total Mortgage-backed Securities          64846      65839      69359      65476
Corporate Securities
Commercial paper                          10256       9853      10098       8419
Investment grade bonds, notes, and
debentures
due in less than or equal to 13
months                                     3427       2153       1919       1855
due in 13 months to 5 years                2725       1248       1211       1401
due in 5 years to 10 years                  797        776        512        567
due in more than 10 years                  1520       1637       2073       2328
Below investment grade bonds,
notes, and debentures
due in less than or equal to 13
months                                      429        421        389        377
due in 13 months to 5 years                1959       1656       1473       1466
due in 5 years to 10 years                 -194       -637       -714      -1062
due in more than 10 years                   560       1210       1185       1169
Total Corporate Securities                21479      18317      18146      16520
State and Municipal Government
Obligations
State and Municipal Government
Obligations
due in less than or equal to 13
months                                     2479       3235       4686       6523
due in 13 months to 5 years                2236       2014       2003       2279
due in 5 years to 10 years                 2726       2413       2159       2306
due in more than 10 years                 13975      13182      12954      12979
Variable rate demand notes                 5123       3872       2662       3060
Total State and Municipal
Government Obligations                    26539      24716      24464      27147
Asset-backed Securities
Credit card-backed securities              1451       1159        899       1081
Student loan-backed securities             2608       2630       2616       2467
Automobile loan-backed securities          2018       1702       1636       1795
Other asset-backed securities              4840       4341       4388       4549
Total Asset-backed securities             10917       9832       9539       9892
--
Level Changes
Wednesday-to-Wednesday
U.S. Government Securities (excl
TIPS)
Treasury Bills                             -570      -5140      -4245       6033
Coupon Securities
due in less than or equal to 2
years                                     -5580       7071       -357       1237
due in more than 2 years but less
than or equal to 3 years                   1920       2074      -6695       4275
due in more than 3 years but less
than or equal to 6 years                 -10822       5700      -9328       1026
due in more than 6 years but less
than or equal to 7 years                  -1903       -622      -1601       2649
due in more than 7 years but less
than or equal to 11 years                 -3414       2761      -1013       1207
due in more than 11 years                   295      -2090      -5696       -329
U.S.Floating Rate Notes
Floating Rate Notes                       -1478      -1640        439       3177
U.S. Treasury Inflation-Protected
Securities (TIPS)
due in less than or equal to 2
years                                       185        478          1       -360
due in more than 2 years but less
than or equal to 6 years                  -1980      -2305       -309        420
due in more than 6 years but less
than or equal to 11 years                   680        568       -495        813
due in more than 11 years                    32        145        300         34
Total U.S. Government Securities         -22635       7000     -28999      20182
Federal Agency and Government
Sponsored Enterprise Securities
Discount Notes                             -924        379        891      -3768
Coupon Securities                           763        105      -1029        507
Total Federal Agency and
Government Sponsored Enterprise
Securities                                 -161        484       -138      -3261
(excluding Mortgage-backed
securities)
Mortgage-backed Securities
Federal Agency and GSE MBS
Federal Agency and GSE Residential
Pass-through MBS                          -1561      -2759       1201       5971
All Other Federal Agency and GSE
Residential MBS                             823       -255       2625      -1085
Federal Agency and GSE CMBS                -206       -259          2       -255
Non-Agency MBS
Non-Agency Residential MBS                  250       -511        165        754
Other CMBS                                 -299        264       -110       -158
Total Mortgage-backed Securities           -993      -3520       3883       5227
Corporate Securities
Commercial paper                            403       -245       1679      -1704
Investment grade bonds, notes, and
debentures
due in less than or equal to 13
months                                     1274        234         64         42
due in 13 months to 5 years                1477         37       -190        -33
due in 5 years to 10 years                   21        264        -55        543
due in more than 10 years                  -117       -436       -255       -576
Below investment grade bonds,
notes, and debentures
due in less than or equal to 13
months                                        8         32         12         -3
due in 13 months to 5 years                 303        183          7         -2
due in 5 years to 10 years                  443         77        348       -132
due in more than 10 years                  -650         25         16        -52
Total Corporate Securities                 3162        171       1626      -1917
State and Municipal Government
Obligations
State and Municipal Government
Obligations
due in less than or equal to 13
months                                     -756      -1451      -1837        301
due in 13 months to 5 years                 222         11       -276       -118
due in 5 years to 10 years                  313        254       -147         36
due in more than 10 years                   793        228        -25       -323
Variable rate demand notes                 1251       1210       -398      -1253
Total State and Municipal
Government Obligations                     1823        252      -2683      -1357
Asset-backed Securities
Credit card-backed securities               292        260       -182       -190
Student loan-backed securities              -22         14        149        190
Automobile loan-backed securities           316         66       -159       -293
Other asset-backed securities               499        -47       -161       -188
Total Asset-backed securities              1085        293       -353       -481
--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MTABLE,MAUDT$,M$U$$$,M$$FI$,MN$FI$]