MNI BRIEF: NY Fed Survey - Consumers Expect Lower Inflation

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

EZ/UK Bond Supply Calendar: EU/UK Syndications; NE, AS Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

Broad-Based Trade Activity Declines Notwithstanding Higher Surplus

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Preview 10Y Note Auction

US TSYS/SUPPLY

Tsy futures scaling back off recent highs with the second leg of week's Tsy supply at the top of the hour: $39B 10Y-Note auction (91282CDJ7). WI is currently running around 1.447%, appr 13.7bp rich to last month's high yield. October recap:

  • Tsy futures inched higher after $38B 10Y note auction re-open (91282CCS8): small stop with 1.584% high yield vs. 1.588% WI; 2.58x bid-to-cover on par with Sep's 2.59x but well above five auction avg: 2.53x
  • Indirect take-up: 71.05% steady vs. Sep; direct bidder take-up bounces to 17.74% vs. 16.62% in Sep while primary dealer take-up slipped to 11.21% vs. Sep's 12.32% and well shy of the 15.24% 5M average.

Timing: The 10Y note re-open results will available shortly after the competitive auctions closes at 1300ET. The next 10Y auction is tentatively scheduled for December 8.

BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.