coupon maturities^ 4coupon refunding...april -june 1986 increase in cash balance uses coupon...
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$Bil.
80
60
40-
20-
TREASURY FINANCING REQUIREMENTSApril - June 1986
Increase inCash Balance
Uses
Coupon Maturities^Foreign
Nonmarketables
V/2
4 Deficit u
91 % Sources
4 Coupon Refunding
Savings Bonds
2V4
State and Local
Net Market aBorrowing w
-^Includes budget deficit, changes in checks outstanding, and minormiscellaneous debt transactions.
Office of the Secretary of the TreasuryOffica of Government Finance & Market Analysis
$Bil.
80
60
40
-20
July 29, 1986-20
$Bil.
100
80
60
40
20
0
TREASURY FINANCING REQUIREMENTSJuly - September 1986
Uses
Coupon Maturities }
11/2
ForeignNonmarketables
4 Deficits
99V4 Sources
^Coupon Refunding
Savings Bonds
2%
2 /
State and Local
Net Market
Borrowing431/2<
To be
done
30 Vi
•!/ Includes budget deficit, changes in checks outstanding,and minor miscellaneous debt transactions.
^Issued or announced through July 25, 1986.^Assumes a $20 billion cash balance September 30, 1986.
Decrease in -Cash Balance-2/
43/4
$Bil.
100
80
60
40
20
0
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysts July 29, 1986-21
$Bil.
40
30
20
10
TREASURY OPERATING CASH BALANCESemi-Monthly
Tax and Loan ^«Accounts Balance *
[^ Total Operating Balance
'•»'».,„,w«imii>rt»"',"'"''"v,l',<% t'*«»ii»rt»",v
0
Federal Reserve Account
-10-
-20
•Without New
Borrowing^
-30Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
1985 19861/ Assumes refunding of maturing issues.
Jul Aug Sep
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis July 29, 1986-4
oT
CO
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00
CD
05
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O
CD
C
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES
$Bil., .$Bil.
30-
25-
20
15
10
5
Savings Bonds
State & Local Series
Foreign Nonmarketables
5.9
4 1 4-6n
27.2
I0.7
I
-30
-25
-20
-15
-10
52.9 ££ H 1.5 M 2.2 i 1.7
2.8
—5
-2.0-2.5
I II III IV1982
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
-.6
I II III IV1983
I II III1984
IV I II III1985
IV I II III61986
e estimate
July 29, 1986-12
QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL
HOLDINGS OF PUBLIC DEBT SECURITIES
III IV I II III IV I II III IV I II III IV1982 1983 1984 1985
1/ F.R.B. purchases of marketable issues as agents for foreign and internationalmonetary authorities which are added to the announced amount of the issue.
37 Preliminary. * Less than $50 million.Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
I 11^1986
July 29, 1986-17
%
20
SHORT TERM INTEREST RATESQuarterly Averages
%
20
1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986
Office of the Secretary of the TreasuryOffice of Government Finance& Market Analysis July 29, 1986-7
LONG TERM MARKET RATESQuarterly Averages
New
• ••••••>•••*.-—
/ NConventional // New Aa
Corporates
An
J_±
%
17
16
15
14
13
12
11
10
9
8
7
6
51976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986
%
17
16
15
14
13
12
11
10
9
8
7
6
5
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis July 29, 1986-8
SHORT TERM INTEREST RATESWeekly Averages
%
8
Commercial Paper
3 Month Treasury Bill
Oct Nov
1985
Dec
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
Jan Feb Mar Apr
1986
Prime Rate
May Jun
Throughweek ending
July 23
••«
Jul
%
8
July 29, 1986-5
%
INTERMEDIATE AND LONG MARKET RATESWeekly Averages
Treasury 5-Year
Throughweek ending
July 25
%
11
10
Oct Nov
1985
Dec Jan Feb Mar Apr
1986
May Jun Jul
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
July 29, 1986-6
%
MARKET YIELDS ON GOVERNMENTSBid Yields
8
>-,."•••
April 28, 19
July 28, 1986
86
% 1%10
9
8
7
to
—
s^^^^ 10
9
8
7
-II1 i L I J I f -
—
•
1 0 12 14 16 18 20 22 24 26 28 2
6
%
8
6
4 5 6
Years to Maturity
8 9 10
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis July 29, 1986-15
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY
$Bil.
1400
1300
1200
1100
1000
900
800
700
600
500
400
300
200
100
COUPONS
3Over 10 yearsI 2-10 years
jggi 1-2 years1 year & under
BILLS
1975 1976 1977 1978 1979 1980 1981 1982
As of December 31Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
June 30, 1986^^09.8
1983 1984 1985
July 29, 1986-2
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY
100%
Coupons HI Over 10 years
H 2-10 years
1-2 years Bills
1 year & under
1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Jun'86
As of December 31Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis July 29, 1986-3
AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held
1945 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis July 29, 1986-1
MATURING COUPON ISSUESAugust - December 1986
(In millions of dollars)
Maturing Issues
June 30, 1986
Total
Held by
Federal Reserve
& Government
Accounts
Private
Investors
ForeignInvestors J/
8% Note 8/15/86
11 3/8% Note 8/15/8612 3/8% Note 8/31/8612 1/4% Note 9/30/8611 7/8% Note 9/30/86
11 5/8% Note 10/31 / 8613 7/8% Note 11/15/8616 1/8% Note 11/15/8611% Note 11 / 15/86
6 1/8% Bond 11/15/8610 3/8% Note 11/30/869 7/8% Note 12 / 31 / 86
10% Note 12/31 / 86
9,5158,8629,8595,8139,6129,8013,2063,4697,6501,196
10,05210,112
5,908
1,9872,100
859
244
790
529
97
277
1,126864
559
600
343
7,5286,7629,0005,5698,8229,2723,1093,1926,524
332
9,4939,5125,565
112
299
1,003450
821
626
814
111
363
3
1,014814
330
Totals 95,055 10,375 84,680 6,760
F.R.B. custody accounts for foreign official institutions;included in Private Investors.
Office of the Secretary of the Treasury
Office of Government Finance & Market Analysis July 29, 1986-19
TREASURY MARKETABLE MATURITIES
• a ii
Privately Held, Excluding Bills$Bil.
108-6-4
n
8.4 7.5 L2115.0
1990 1°*
111 I
li
10.3
6.9 KM 7.3
^4.2
-4.8
101-
.5.5
5.8
7.7
14 -^ 2.6
-6.5 6.4
2.9
7.9
182
1
II 19915.4 • | 5.3
10.1
5.9
6.5
se1992
I6.3
1 ^1993
4.7
6.87.6
5.3 1994 7.2
^9-1 1995 7.2
1I10.0 1996
12.9
ii5.7
2.3
6.3
4.1
.12.1
7.2
J FMAMJ JASOND
•I Securities issued prior to 1984S82S New issues calendar year 1984
Office of the Secretary of the TreasuryOffice of Government Finance& Market Analysis
108
6420
6420
86420
10864
20JFMAMJ JASOND
£%3 New issues calendar year 1985
ill Issued or announced through July 25, 1986
July 29, 1986-9
TREASURY MARKETABLE MATURITIES
$Bil.._01—01—
01—
2hoi—2
02-064
20
86420
1086420
Privately Held, Excluding Billsr—i $Bil.
8-
6-4
20
2-oi—
2
0
i 2.2
1.5
1.7
2.9
4.8
2.7
*—9 1999
2000
1.7 2001
2002
2003
3.2
2004
3.6
2005
6.3
2006
2007
2008
i2.5
.2.4
3.5
4.0
9.3
I
1.4
J. 3
1.6
i2.6
I7.2
8.3
I
1.2
.3.6
XJ
JFMAMJ JASOND
HI Securities issued prior to 1984
ISSS New issues calendar year 1984Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
2 -oL.
20
20
8
64-
20
1210
864-
2-0
4
2 -0
10864
20
8
642
0
1.8
11.8
I
t I7.0
,3.9 2009
1.92010
• 3.7 2011
2012
2013
4.8 2014
2015
39 0 2016
3.4
14.0
14.4
• 10.3
112.6
4.7
I
6.56.8
1
JFMAMJ JASOND
New issues calendar year 1985
Issued or announced through July 25, 1986
July 29, 1986-10
STRIPS PROGRAM
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul*
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
1985*asof July 23, 1986
1986
July 29, 1986-16
STRIPS PROGRAM
Security Issue Date Total Issued Amount Stripped
$ Millions as of 7 / 23 / 86
11 5/8% 11/15/ 94 11 / 15 / 84 6,659 1,27211 1/4% 2/15/95 2/15/85 6,934 1,13111 1/4% 5/15/95 5/15/85 7,127 2,13410 1/2% 8/15/95 8/15/85 7,956 983
9 1/2% 11/15/95 11 / 15/85 7,318 524
8 7/8% 2/15/96 2/15/86 8,213 34
7 3/8% 5/15/96 5/15/86 9,527 0
11 5/8% 11/15/ 04 10 / 30 / 84 8,302 5,82112% 5/15/05 4/2/85 4,261 1,96010 3/4% 8/15/05 7/2/85 9,270 682
9 3/8% 2/15/06 1/15/86 4,756 *
11 3/4% 11/15/ 14 11 / 15/85 6,006 2,87211 1/4% 2/15/15 2/15/85 12,668 8,44710 5/8% 8/15/15 8/15/85 7,150 2,542
9 7/8% 11/15/ 15 11 / 15/85 6,900 27
9 1/4% 2/15/16 2/15/86 7,267 11
7 1/4% 5/15/16 5/15/86 9,318 0
129,632 28,440* Eligible for STRIPS August 18, 1986
Office of the Secretary of the Treasury
Office of Government Finance & Market Analysis July 29. 1986-24
NET NEW MONEY IN AGENCY FINANCE, QUARTERLYPrivately Held
>bll.
2
n J_FFCB
_ *
-21 •1" 'l»
18
16FHLB^
14
12
10 .18
~ I 1 I II6 .III II 14
2
0111..II•III ll
I II III IV I II III IV I II III IV I 11 III IV I ll@ III |V
1982 1983 1984 1985 1986
*Less than $50 million.
12
10
8
6
4
2H
0ml
I II III IV
1982
GNMAMortgage-BackedSecurities
II III IV
1983
I II III IV I II III IV I lle III IV
1984 1985 1986
Partly estimated.
1/ Includes FHLB discount notes, bonds, and FHLMC discount notes, debentures,off!"o! GowmmenTFTna^e^Set Analysis certificates, mortgage-backed bonds, and mortgage participation certificates. July 29, 1986-13
SCHEDULE OF ISSUES TO BE ANNOUNCED
AND AUCTIONED IN AUGUST 1986^
Monday Tuesday Wednesday Thursday Friday
1
4 5Auction
3 yearly
6Auction
10 yearly
7Auction
30 yearly
8
11 12 13Announce
2 year
14 15
18 19Announce
5 year
20Auction2 yearly
21 22Announce
52 week
25 26 27Auction
5 year A'
28Auction
52 week 1/
29
Office of the Secretary of the TreasuryOffice ol Government Finance & Market Analysis
J7 Does not include weekly bills2/ For settlement August 153/ For settlement September 24/ For settlement in early September5/ For settlement September 4
July 29. 1986-22
SCHEDULE OF ISSUES TO BE ANNOUNCED
AND AUCTIONED IN SEPTEMBER 1986^
Monday Tuesday Wednesday Thursday Friday
1
Holiday
2 3 4 5
8 9 10 11 12
15 16 Announce2 year4 year7 year
17 18Announce
52 week
22 23Auction
2 yearly
24Auction
4 yearly
25Auction
7 year-2y
26
29 30Auction
52 weeki/
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
\J Does not include weekly bills2J For settlement September 30_3/ For settlement in early October_4/ For settlement October 2
July 29. 1986-25
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