Free Trial

Highest 3Y B/C Since Mar 2018 [corrected]

US TSYS/SUPPLY
[correcting Headline which incorrectly said lowest and not highest bid-to-cover since Mar'18]
  • The 3Y bid-to-cover of 2.93x looks to be the highest for a 3Y since Mar 2018.
  • The strong demand continues to support price action, with 3Y Tsy yields seeing a sizeable unwind of earlier increases to trade just 1.7bps higher on the day, with 2YY also dragged lower for only +3.3bps on the day.

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.