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Preview: 30Y Bond Auction

US TSYS/SUPPLY

Tsy futures trading weaker, near session lows ahead the $24B 30Y Bond auction (912810TV0) at the top of the hour. WI currently running around 4.697%, 14bp cheap vs. last month's tail:

  • October auction recap: Treasury futures traded lower after $20B 30Y auction reopen (912810TT5) tailed by 3.5bp: 4.837% high yield vs. 4.802% WI; 2.35x bid-to-cover vs. 2.46x in the prior month.
  • Indirect take-up 65.13% vs. 64.49% prior; direct bidder take-up 16.71% vs. 19.74% prior; primary dealer take-up 18.17% vs. 15.78%.
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.

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