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Preview 30Y Bond Auction Re-Open

US TSYS/SUPPLY
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Tsy futures remain weaker, well off this morning's post-PPI/claims data highs (TYZ4 at 115-05 vs 115-17.5 high), curves mildly steeper ahead the $22B 30Y Bond auction re-open (912810UC0) at the top of the hour. WI currently running around 4.004%, 31bp rich vs. last month's tail:

  • August auction recap: Treasury futures remained well offered (USU4 121-24, -22) after the weak $25B 30Y auction (912810UC0) tailed 2.5bp (largest tail since last November's 5.2bp): 4.314% high yield vs. 4.285% WI; 2.31x bid-to-cover vs. 2.30x in the prior month.
  • Indirect take-up 65.32% vs. 60.76% prior; direct bidder take-up 15.5% vs. 23.36% prior; primary dealer take-up highest since November at 19.18% vs. 15.88%.
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.
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Tsy futures remain weaker, well off this morning's post-PPI/claims data highs (TYZ4 at 115-05 vs 115-17.5 high), curves mildly steeper ahead the $22B 30Y Bond auction re-open (912810UC0) at the top of the hour. WI currently running around 4.004%, 31bp rich vs. last month's tail:

  • August auction recap: Treasury futures remained well offered (USU4 121-24, -22) after the weak $25B 30Y auction (912810UC0) tailed 2.5bp (largest tail since last November's 5.2bp): 4.314% high yield vs. 4.285% WI; 2.31x bid-to-cover vs. 2.30x in the prior month.
  • Indirect take-up 65.32% vs. 60.76% prior; direct bidder take-up 15.5% vs. 23.36% prior; primary dealer take-up highest since November at 19.18% vs. 15.88%.
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.