Free Trial

Preview: 30Y Bond Auction Reopen

US TSYS/SUPPLY

Tsy futures trading weaker, near session lows ahead the $20B 30Y Bond auction reopen (912810TT5) at the top of the hour. WI currently running around 4.787%, 44.2bp cheap vs. last month's tail:

  • September auction recap: Treasury futures held modest gains after $20B 30Y auction reopen (912810TT5) tailed by a modest 1bp: 4.345% high yield vs. 4.335% WI; 2.46x bid-to-cover vs. 2.42x in the prior month.
  • Indirect take-up 64.49% vs. 67.83% prior; direct bidder take-up 19.74% vs. 19.64% prior; primary dealer take-up 15.78% vs. 12.53%.
  • Timing: Today's results will be 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.