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Treasury settlements today

Summary:
Probably first big post debt ceiling suspension new issues day....Net 20b here 4 week securities:https://www.treasurydirect.gov/instit/annceresult/press/preanre/2019/A_20190813_2.pdf  40b here new issues 8 week securities:https://www.treasurydirect.gov/instit/annceresult/press/preanre/2019/A_20190813_1.pdf  60b total reserve reduction... from these Treasury operations today...

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Probably first big post debt ceiling suspension new issues day....

Net 20b here 4 week securities:

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2019/A_20190813_2.pdf 

 40b here new issues 8 week securities:

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2019/A_20190813_1.pdf 

 60b total reserve reduction... from these Treasury operations today...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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