In this conversation, J.P. Morgan Research analysts Jay Barry, Teresa Ho and Phoebe White discuss everything we learned from Treasury’s quarterly refunding announcement, and the implications for Treasuries and the money markets.

This podcast was recorded on February 3, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related reports at www.jpmm.com/research/content/GPS-3635246-0  andwww.jpmm.com/research/content/GPS-3630182-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Making sense of the February refunding, February 3, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.