September 28, 2022 16:20 GMT
Tsy $36B 7Y-Note auction (91282CFL0) at the top of the hour, WI currently running around 3.897%, 76.7bp cheap to last month's stop.
- August auction recap: Tsys extended highs after strong $37B 7Y note auction (91282CFJ5) stopped through: 3.130% high yield vs. 3.159% WI; 2.65x bid-to-cover vs. 2.60x last month.
- Indirect take-up: climbs to 75.72% vs. 70.93% in July; Direct take-up: falls to 15.70% vs. 18.44% prior; Primary dealer take-up: falls to 8.58% vs. last month's 10.63%
- Timing: The 7Y note results will available shortly after the competitive auctions closes at 1300ET.