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Preview $12B 20Y Bond Auction Re-Open

US TSYS/SUPPLY
BulletMarketsFixed Income NewsHomepage

Tsy futures trading near lows ahead the $12B 20Y-Bond auction (912810TQ1) re-open at the top of the hour. WI is currently running around 3.905%, appr 7.2bp rich to last month's high yield.

  • February recap: Tsy futures held weaker/off midday lows after $15B 20Y bond auction (912810TQ1) came out nearly on the screws: 3.977% high yield vs. 3.975% WI; 2.54x bid-to-cover vs. prior month's 2.83x.
  • Indirect take-up 75.30% vs. 76.25% prior month; direct bidder take-up 17.97% vs. 15.61% prior; primary dealer take-up falls to 6.73% vs. 8.14%.
  • Timing: The 20Y note results will be available shortly after the competitive auctions closes at 1300ET.
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Tsy futures trading near lows ahead the $12B 20Y-Bond auction (912810TQ1) re-open at the top of the hour. WI is currently running around 3.905%, appr 7.2bp rich to last month's high yield.

  • February recap: Tsy futures held weaker/off midday lows after $15B 20Y bond auction (912810TQ1) came out nearly on the screws: 3.977% high yield vs. 3.975% WI; 2.54x bid-to-cover vs. prior month's 2.83x.
  • Indirect take-up 75.30% vs. 76.25% prior month; direct bidder take-up 17.97% vs. 15.61% prior; primary dealer take-up falls to 6.73% vs. 8.14%.
  • Timing: The 20Y note results will be available shortly after the competitive auctions closes at 1300ET.