January 24, 2023 17:35 GMT
Preview $42B 2Y Note Auction
US TSYS/SUPPLY
Tsy futures holding firmer, near late morning highs ahead the $42B 2Y note auction (91282CGG0) at the top of the hour. WI is currently running around 4.157%, 21.6bp rich to last month's stop.
- December auction recap: Tsy futures held near lows, little react after $42B 2Y note auction (91282CGD7) stopped through: 4.373% high yield vs. 4.390% WI; 2.71x bid-to-cover vs. 2.64x prior.
- Indirect take-up climbed to 62.22% vs. 56.98% prior month, direct take-up 18.71% vs. 20.62%. primary dealer take-up 19.07% vs. 22.39%,
- Timing: The 2Y note results will available shortly after the competitive auctions closes at 1300ET.
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