Bond Market Trends: The Treasury's Quarterly Refunding Announcement | Episode 065 | 11-01-23

Markets with Megan: A Quick Financial Markets Update · Nov 1, 2023 · 2m · transcript

In this episode of "Markets with Megan," Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, discusses recent developments in the bond market. She highlights that the Treasury's quarterly refunding announcement, where they reduced issuance from an expected $114 billion to $112 billion for the quarter. This decision caused a market rally as it lowered the 10-year note and 30-year bond issuance while keeping the 20-year issuance unchanged. Megan states that, although this news has led to lower yields, it's essential to consider the broader context. The Treasury is still…