January 27, 2025 17:08 GMT
US TSYS/SUPPLY: Preview 5Y Auction
US TSYS/SUPPLY
- Tsy futures remain well bid but off highs ahead of the $70B 5Y note auction (91282CMG3) at 1300ET, WI is currently running at 4.347%, 13.1bp rich to last month's stop.
- December 5Y auction recap: Tsy futures pared losses (TYH5 trades 108-13 last, -2) after $70B 5Y note auction (91282CMD0) stopped 0.2bp through (second consecutive stop since June): drawing 4.478% high yield vs. 4.480% WI; 2.40x bid-to-cover vs. 2.43x for the prior auction.
- Peripheral stats showed indirect take-up climbed to 67.27% vs. 64.12% prior, directs at 20.26% vs. 24.58% prior (highest since Jul 2014), primary dealer take-up 12.47% vs. 11.30% prior.
98 words