MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

2Y Auction Preview – WI Tracking Close To April’s High Yield

US TSYS/SUPPLY
  • Today’s double coupon-bearing issuance gets underway at 1130ET with $69bn of 2Y before $70bn of 5Y at the usual 1300ET, owing to the holiday-shortened week.
  • Currently at 4.905%, the 2Y WI yield is exactly where it was at the deadline for the April auction before it traded through by 0.7bps at 4.898%.
  • Looking further back, the five-auction average has seen a trade through of just 0.1bp.
  • The bid-to-cover was 2.66x in April (highest since Dec) and it averaged 2.60x over five latest auctions.
  • Primary dealers took 15.1% in Apr (15.3% average), indirects took 66.2% (64.9% average) and directs took 18.7% (19.8% average).
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.