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Breaking the Zero Line 5/1/24

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The Treasury Department said on Wednesday it intends to keep auction sizes steady for U.S. notes and bonds over the next several quarters, in line with expectations, as it announced total refunding of $125 billion for the May to July quarter. The quarterly refunding is aimed at raising new cash of $17.2 billion from private investors. It also launched its buyback program, with the first scheduled on May 29. The Treasury's last regular buyback program began in the early 2000s and ended in April 2002.

In a statement, the Treasury said it would sell $58 billion in U.S. three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds next week. The decision to keep auction sizes unchanged for the most part was based on current projected borrowing needs. Since August, the Treasury has noted that it has significantly raised issuance sizes for nominal coupon and floating rate note securities. "The auction sizes were unchanged as expected, but the key here is that this a pause in increases not a reversal," said Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York.

https://www.reuters.com/markets/us/us-treasury-keeps-auction-sizes-unchanged-through-july-launches-buyback-2024-05-01/

 

 

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33 minutes ago, MisFit Kid said:

Is the "Rent" too damn high.......?

nah, it is "yields" that are too damn high.......

 

>: and to FxFox, congratulations to Leverkusen and go DOR in the Champions League

😊
good game Dortmund vs Paris

better than the presser of Poopwell, which was lame today

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The other day I first thought they kicked CNBC out of my cable. But thank god it is still there. Earnings season at CNBC is the Wallhalla of stock market porn, I love it. 😍 😂

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I have no reason to dislike PSG, but I do.........does seem like they are a bunch of drama/choker/over paid?

>: I typed Wallhalla into Google, came up with Sponge Bob....😀

Walhalla is the Geman/Danube building to honor the greats in Germany, which makes more sense....

Is that the Blue Danube?

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1 minute ago, MisFit Kid said:

I have no reason to dislike PSG, but I do.........does seem like they are a bunch of drama/choker/over paid?

Mbappe is an awesome player. The rest? Hmmm…

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2 minutes ago, fxfox said:

Mbappe is an awesome player. The rest? Hmmm…

I thought he took a deal with another club. 

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Just now, DrStool said:

I don't follow football here. 

I prefer soccer. 

😉😂

btw, is the NFL in France also as popular as in Germany? They really created a hype here, amazing.

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