Been waiting for stars to align on yields for a while. With the TGA target out, issuance structuring (potential yellenomics from Bessent) & FOMC on Wed + Jobless claims/Core PCE on Thurs are the final hurdles for the long bond short. Looking for a weekly close below 115 on UB1!
Lyn Alden
Lyn Alden29.7. klo 03.37
The Treasury released their borrowing estimates. $1.6T in net new debt issuance over the next two quarters. About $500B of it is the TGA refill.
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