are usually a minimum of $500 million.
are usually USD500m or more, the report noted.
A"Borrowing in 2008 is mainly to finance amortisations, provide benchmark issues
, and maintain a level of government debt necessary for monetary policy purposes,A" said Standard and Poor's credit analyst Farouk Soussa.
Fourthly, recognizing the importance of setting longer-term government bond yield as the benchmark interest rate, the government has been committed to shifting its benchmark issues
to 5-year KTBs, by increasing the proportion of annual 5-year KTB issuance.
Previously, such benchmark issues
were outstanding 10-year JGBs at which large amounts changed hands on a value basis on any given day.
government agency notes, debentures benchmark issues
, and debenture off-the-runs.
Treasury, Fannie Mae will announce bullet Benchmark issues
one week prior to the pricing date.
The allocation applies only to Fannie Mae's bullet, or non-callable, Benchmark issues
Federico Molina, Director of Public Credit for Argentina, commented that the size and success of this deal signal the reopening of the market to large, liquid benchmark issues
Given the news, we would expect all series in the Master Trust should trade on top of benchmark issues