Tag Archives: issuance

Aug 18, 2020

The Flood of U.S. Treasury Issuance and Duration Supply Continues

In its Q3 2020 refunding statement1 released on Aug. 5, 2020, the U.S. Treasury announced its plan to increase auction sizes across all nominal coupon tenors over the August-October quarter, with larger increases in longer tenors (7-year, 10-year, 20-year and 30-year). To gauge the demand appetite for U.S. Treasuries, let’s review the size and composition…

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Jan 7, 2018

Sukuk Market in 2017: Year in Review

In 2017, the USD sukuk market expanded at its quickest pace in the past five years. As tracked by the Dow Jones Sukuk Total Return Index (ex-Reinvestment), which seeks to track U.S. dollar-denominated, investment-grade sukuk, the market added 13 new sukuk with a total par amount of USD 20.75 billion. According to the index, sovereign…

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Jan 11, 2016

Sukuk Market in 2015: Year in Review

The sukuk market demonstrated resilience despite the decline in oil price and global uncertainty; the Dow Jones Sukuk Index, which tracks USD-denominated, investment-grade sukuk, rose 1.24% in 2015, while the Dow Jones Sukuk High Quality Investment Grade Total Return Index gained 1.00% in the same period.  Looking closer at index constituents, the underperformers were sukuk…

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