Overview
- The Treasury will auction a local-law Bonar 2029 on Wednesday with a 6.5% coupon, targeting roughly US$1 billion at a yield below 9%.
- Market analysts expect demand to come mainly from domestic institutions and see likely pricing closer to 10% with potential proceeds of US$1.0–1.5 billion.
- Authorities say the funds will partially cover the 9 January 2026 obligations of about US$4.2 billion, including capital on AL29 and AL30.
- If the placement falls short, officials plan to use a repo facility with banks to meet remaining near-term dollar needs.
- Officials frame the sale within a broader push to lower the risk premium near 630–650 points and to rebuild reserves in stages, projecting potential purchases of US$7–21 billion depending on monetary conditions.