Big week of bond sales ahead
the US Treasury just announced their slate of auctions for next week. The market will have to absorb
- $44 bln 2-year notes on Tuesday
- $42 bln 5-year notes on Wednesday
- $32 bln 7-year notes on Thursday
- $8 bln 30-tear inflation index notes on Monday
The Treasury estimates there are $26 bln of maturities at the end of February, which will create a little room in the market for some of the supply but the market will have to digest the rest.
Typically primary dealers will sell Treasuries ahead of the auction to cheapen-up prices before they have to bid on the bonds. That is happening now as 10-year note yields rise to 3.78%.
USD/JPY is rallying, now at 91.15 and EUR/USD is testing support at 1.3600.

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ZZ, i think ud better change ur name to ZZ. Boone Pickens….everytime you come out in favour of Eur goin up.. it tanks…
Considering the volatility in bonds and forex I find the stocks traders pretty calm (before the storm?)
agree cheg,, n jaime thanks for the bond info.. learn something new everyday in fx
It looks like the “intervention” by china on eur/usd (around 10 bio in futures) was smtg like a “coup d’épée dans l’eau”..
Stocks are being held high due to the number of Puts out there. It’s in the interest of the market to have those options expire worthless.
translation: death spike
people trying to hurt those poor old technical traders out there