Free Trial

Preview 7Y Note Auction

US TSYS/SUPPLY

Tsy $35B 7Y-Note auction (91282CGO8) at the top of the hour, WI currently running around 4.050%, 53.3bp cheap to last month's stop:

  • January auction recap: Tsys pared losses after $35B 7Y note auction (91282CGJ4) finally trades through: 3.517% high yield vs. 3.537% WI; 2.69x bid-to-cover vs. 2.45x prior month.
  • Indirect take-up climbed to 77.07% vs. 68.08% prior; Direct take-up: 16.82% vs. 16.17% prior; Primary dealer take-up falls to 6.12% vs. 15.75% prior auction.
  • Timing: The 7Y note results will 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.