MNI: PBOC Net Drains CNY886.9 Bln via OMO Tuesday

MNI: China CFETS Yuan Index Down 0.14% In Week of Sep 30

MNI: PBOC Sets Yuan Parity Higher At 7.0709 Tues; +4.18% Y/Y

CHINA PBOC CONDUCTS CNY41.7 BLN VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0709 TUES VS 7.0074

RPT-MNI INTERVIEW: Banxico To Continue Easing Through 25-Tapia

MNI JAPAN AUG HOUSEHOLD SPENDING -1.9% Y/Y; JULY +0.1%

MNI: UK BRC SEP BY VALUE SHOP SALES LFL +1.7% YY, TOTAL +2% YY

MNI: US AUG CONSUMER CREDIT +$8.9B

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS/SUPPLY: MNI UST Issuance Deep Dive: October 2024

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

We've just published our latest UST Issuance Deep Dive (PDF link here)

  • With the 2024 fiscal year at an end, attention will soon turn toward Treasury's guidance for future issuance, with coupon sizes expected by many to increase next year amid continued deficits.
  • The Oct 30 quarterly Refunding announcement is likely to prove too early for any changes in guidance.
  • Even with the federal debt pile rising at a $2T annual pace, Treasury coupon size adjustment announcement to wait until mid-2025 at least - current consensus is for the August 2025 refunding round.
  • Auction Results: September’s nominal coupon auctions generally quite strong.
  • Upcoming Supply: October is expected to see $315B in nominal Treasury coupon sales, in addition to $24B in 5Y TIPS and $30B FRN for a total of $369B – the most since October 2021.
131 words

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.

We've just published our latest UST Issuance Deep Dive (PDF link here)

  • With the 2024 fiscal year at an end, attention will soon turn toward Treasury's guidance for future issuance, with coupon sizes expected by many to increase next year amid continued deficits.
  • The Oct 30 quarterly Refunding announcement is likely to prove too early for any changes in guidance.
  • Even with the federal debt pile rising at a $2T annual pace, Treasury coupon size adjustment announcement to wait until mid-2025 at least - current consensus is for the August 2025 refunding round.
  • Auction Results: September’s nominal coupon auctions generally quite strong.
  • Upcoming Supply: October is expected to see $315B in nominal Treasury coupon sales, in addition to $24B in 5Y TIPS and $30B FRN for a total of $369B – the most since October 2021.