Rates Tell the Story
Feb 1, 2024
• 6
Min Read
QRA In Line With Market Expectations
The Results
The Treasury’s quarterly refunding announcement (QRA) was the first of two major macro events to transpire on Wednesday. Leading up to this, on Monday, there was an indication that the net borrowing for the current quarter would be $760 billion, which is $55 billion lower than the initial $815 billion estimate, and the total funding needs for Q2 would be just over $200 billion, well below the past several quarters. On Wednesday, the composition of the refunding was revealed. Overall, for this quarter, net bill issuance is significantly ...Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In bce4ca-3f3913-185f95-5af69e-212df2
bce4ca-3f3913-185f95-5af69e-212df2
Already have an account? Sign In bce4ca-3f3913-185f95-5af69e-212df2