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20Y Re-Open Trades Through

US TSYS/SUPPLY

Tsys futures trade higher after decent $24B 20Y auction reopening: drawing a high yield of 2.144% (2.290% last month) vs. 2.150% WI.

  • Indirect take-up was 58.73% vs. March of 61.4% the highest since October (with Nov-Feb all between 54.89%-61.22%). Primary dealer take-up of 21.09% the lowest in over a year (5 month average of 25.18%). Direct take-up surged to 20.18 -- also the highest in over a year.

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