MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI BRIEF: BOC Saw Little Need For A 50BPs Rate Cut

BOC DID NOT SERIOUSLY CONSIDER A 50BP RATE CUT- MACKLEM

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI BRIEF: China To Boost Environmental Equipment Industry

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS/SUPPLY: Preview 3Y Note Auction

US TSYS/SUPPLY
USBulletMarketsFixed Income BulletsNorth America

Tsy futures are trading near early session lows ahead of the $58B 3Y note auction (91282CMN8) at 1300ET, WI is currently at 4.312%, 2bp rich to last month's auction.

  • January auction recap: Treasury futures remain mostly weaker, off lows after $58B 3Y note auction (91282CMF5) draws 4.332% high yield vs. 4.320% WI; 2.62x bid-to-cover vs. 2.58x prior.
  • Peripheral stats see indirect take-up slips to 60.98% vs. 64.18% prior; direct bidder take-up rebounds to 19.67% from 9.62% prior; primary dealer take-up rises to 19.36% vs. 15.11% prior.
  • Timing today's 3Y note sale: results will be available shortly after the competitive auctions closes at 1300ET.
100 words

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.

Tsy futures are trading near early session lows ahead of the $58B 3Y note auction (91282CMN8) at 1300ET, WI is currently at 4.312%, 2bp rich to last month's auction.

  • January auction recap: Treasury futures remain mostly weaker, off lows after $58B 3Y note auction (91282CMF5) draws 4.332% high yield vs. 4.320% WI; 2.62x bid-to-cover vs. 2.58x prior.
  • Peripheral stats see indirect take-up slips to 60.98% vs. 64.18% prior; direct bidder take-up rebounds to 19.67% from 9.62% prior; primary dealer take-up rises to 19.36% vs. 15.11% prior.
  • Timing today's 3Y note sale: results will be available shortly after the competitive auctions closes at 1300ET.