Free Trial

3Y Note Auction - Tails


Tsys inching lower after $58B 3Y note auction (91282CCL3) tails: 0.426% high yield vs. 0.422% WI; 2.41x bid-to-cover off 2.46x 5 auction avg.

  • Indirect take-up remains strong at 53.17% vs. 51.08% 5M avg, while direct bidders steady at 18.28% -- over one year high. Primary dealer take-up climbed to 28.55% vs. June's 27.55% but still off 31.63% 5M average.
  • The next 3Y auction is tentatively scheduled for August 10.

To read the full story



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.