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Preview 30Y Bond Auction Re-Open

US TSYS/SUPPLY

Tsy futures trading weaker, off this morning's knee-jerk, post-data session low in 10s (108-04.5) ahead the $22B 30Y Bond auction re-open (912810TX6) at the top of the hour. WI currently running around 4.664%, 33.3bp cheap vs. last month's stop:

  • March reopen auction recap: Treasury futures pared losses (USM4 120-17, -7 vs. 120-04 low) after $22B 30Y auction (912810TX6) re-open stopped through for the fourth consecutive time: 4.331% high yield vs. 4.352% WI; 2.47x bid-to-cover vs. 2.40x in the prior month.
  • Indirect take-up slipped to 69.29% vs. 70.70% prior; direct bidder take-up climbed to 16.77% vs. 14.49% prior; primary dealer take-up 13.93% vs. 14.52%.
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.

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