Pete
Jul 29, 20201 min
August 5 Treasury refunding
Are you ready for increased long-term issuance
The May 6 refunding announcement brought record net issuance across the curve and $54 billion in new 20-year bonds. It also gave us forward guidance on longer-duration notes and bonds... “Committee members favored increasing issuance of long-term securities in light of the large increase in financing needs, the importance of managing rollovers, and the historically low level of interest rates.” — TBAC Minutes
See more analysis https://go.cmegroup.com/webmail/502091/716181028/ebf2b06d9b9f415c0ba49e74fe72fcca05b716872c4dcb08a86bdcdd3eff65d9