Interest Rate Roundup

Thursday, June 18, 2009

Tsunami of Treasury issuance next week

The Treasury Department just announced how much debt it's going to sell next week. Get a load of these figures: $61 billion in T-bills. $40 billion of 2-year T-notes. $37 billion of 5-year Notes. And $27 billion of 7-year notes. That's good for a record $165 billion of debt, the most sold in any week ever, driven by increased sales of five-year and seven-year debt. Long bond futures are off about 1 23/32 right now, with 10-year note yields up 11 basis points to 3.8%.

2 Comments:

  • Hi Mike,
    Love your blog.
    Is there any place one can find a history of treasury issuance?
    I want to see if there is any correlation to stocks
    Cheers
    Jack in Mumbai

    By Anonymous Anonymous, at June 20, 2009 at 1:41 AM  

  • Why are rates still going down?? With all this new issue coming and the dollar weak, the rates should be skyrocketing, yet they still are falling over the last several days. I dont understand it.

    By Anonymous Anonymous, at June 22, 2009 at 3:00 PM  

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