Free Trial

Preview: 30Y Bond Auction Re-Open

US TSYS/SUPPLY

Tsy futures holding weaker, near first-half lows ahead the $18B 30Y Bond auction re-open (912810TJ7) at the top of the hour. WI currently running around 3.547%, 44.1bp cheap to last month's high yield tail.

    • August auction recap: Tys extend lows after $21B 30Y auction (912810TJ7) tailed: 3.106% high yield vs. 3.092% WI; 2.31x bid-to-cover vs. 2.44x the prior month.
    • Indirect take-up receded to 70.65% vs. 73.20% in Jul; direct bidder take-up climbed to 18.51% vs. 16.34% prior; primary dealer take-up 10.84% vs.14.46%.
  • Timing: The 30Y Bond 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.