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Tsys Bounce on Strong $24B Tsy Auction Re-Open

US TSYS/SUPPLY

Tsys futures pared loess after strong $24B 20Y auction re-open: drawing a high yield of 2.120% (2.286% last month) vs. 2.137% WI. Bid-to-cover 2.4 vs. 2.24 in May.

  • The highest since October 2020, indirect take-up climbs to 62.07% vs. 56.72% in May.
  • Lowest in over a year, Primary dealer take-up falls to 17.53% vs. 23.75.51% prior. Direct take-up 20.40% vs. 19.51% prior

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