Free Trial

Preview: 30Y Bond Auction Re-Open

US TSYS/SUPPLY
Tsy futures near late morning highs ahead the $20B 30Y Bond auction re-open (912810TD0) at the top of the hour. WI currently running around 2.770%, 39.5bp cheaper to last month's high yield. March auction recap:
  • Tys pared losses after strong $20B 30Y auction re-open (912810TD0), 2.5bp trade through on 2.375% high yield vs. 2.400% WI; 2.46x bid-to-cover vs. 2.30x last month.
  • Indirect take-up climbed to 71.25% vs. 67.95% in Feb; direct bidder take-up receded to 16.42% vs. 17.75% prior, while primary dealer take-up fell to 12.06% vs. 14.30%.

Timing: The 30Y Bond re-open results will available shortly after the competitive auctions closes at 1300ET.

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.