Day: August 1, 2017

Treasury Quarterly Refunding Announcement and Update on Ultra-Long Bond

With healthcare reform sidelined, for the time being, the legislative emphasis has turned to tax reform. However, before tax reform, Congress must do two other things. The debt ceiling must be raised and spending authorization for the new fiscal year beginning October 1 is needed.   Although Treasury Secretary Mnuchin has called for a clean bill …

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The Most the Dollar Can Hope for on Turn Around Tuesday is Consolidation

After taking a step lower in the North American session yesterday, the dollar is consolidating today.  The euro is holding above $1.18, and the dollar held JPY110.00.  Global equities are mostly higher, while bonds are mixed.  Asia-Pacific yields were mostly higher, while European rates are a little lower.  The US 10-year yield is flat just …

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