Free Trial

Preview 10Y Note Auction


Tsy futures trading mildly firmer ahead the $32B 10Y note auction re-open (91282CFF3) at the top of the hour. WI is currently running around 3.317%, 56.2bp cheap to last month's 10Y stop.

  • August auction recap: Tsy futures gained slightly after decent $35B 10Y note auction (91282CFF3) stopped through: 2.755% high yield vs. 2.762% WI; 2.53x bid-to-cover vs. last month's 2.34x
    • Indirect take-up climbs to 74.52% vs. last month's 61.33% high; direct bidder take-up recedes to 15.56 from 17.97%, primary dealer take-up falls to 9.92% vs. 20.07%.
  • Timing: The 10Y note re-open results will available shortly after the competitive auctions closes at 1300ET.

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.