IR and Treasuries Market Report
RANsquawk DAILY G7 BOND AUCTION PREVIEW – 09/02/12
AUCTION PREVIEW: US 30-year TIPS Refunding Announcement
Today the US Treasury is due to announce the size of its 30-year TIPS auction, where analysts expect it to announce an increased offering of USD 10bln in 30-year TIPS vs. the previous offering size of USD 7bln.
Announcement is expected to be published at 1600GMT (1100 ET).
AUCTION PREVIEW: US Fed's Outright Treasury Coupon Purchase Feb'18 – Nov'19
Today the NY Fed is conducting its Outright Treasury Coupon Purchase in the maturity range of Feb 2018 – Nov 2019. This is the eighth operation of this series as part of the Fed's new maturity extension program, and until February 29th 2012, the Fed expects to buy approximately USD 34.68bln in the remaining 11 operations and sell USD 24.46bln in the remaining 3 operations. It is worth noting that the Fed originally planned to buy about USD 45bln in 15 operations and sell about USD 43bln in 6 operations.
In today's operation, the Fed expects to buy in the range of USD 4.25bln – USD 5.00bln. The last Outright Treasury Coupon purchase operation in the maturity range of 6 – 8 years was on the 24th January 2012, with a purchase size of USD 4.93bln and a submitted/accepted ratio of 3.11. It is worth noting that effective from September 30, 2011, the Fed plans to buy 32% of its coupon securities in this maturity range.
This Operation is tentatively scheduled to begin around 1515 GMT (1015 ET) and close at 1600 GMT (1100 ET). Results are released shortly after 1600 GMT (1100 ET).
Sources: http://www.newyorkfed.org/markets/tot_operation_schedule.html
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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