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Preview: 30Y Bond Auction Reopen

US TSYS/SUPPLY

Tsy futures trading mildly weaker, near the top end of the session' range head the $20B 30Y Bond auction reopen (912810TT5) at the top of the hour. WI currently running around 4.337%, 14.8bp cheap vs. last month's tail:

  • August auction recap: Treasury futures holding weaker after $23B 30Y auction (912810TT5) tailed with 4.189% high yield vs. 4.175% WI; 2.42x bid-to-cover vs. 2.43x in the prior month.
  • Indirect take-up 67.83% vs. 69.02% prior; direct bidder take-up 19.64% vs. 20.13% prior; primary dealer take-up 12.53% vs. 10.85%.
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.

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