Free Trial

Preview Tsy 3Y Note Auction

US TSYS/SUPPLY

Tsy coupon sale $43B 3Y-Note (91282CEY3) at the top of the hour, $1B less than prior auction. WI is currently running around 3.077%, 15bp cheaper than last month's high yield.

  • June auction recap: Treasury futures still stronger/near highs after $44B 3Y note auction (91282CEU1) tailed: 2.927% high yield vs. 2.915% WI; 2.45x bid-to-cover vs. 2.59x last month.
  • Indirect take-up receded to 51.51% vs. 61.95% in May; direct bidder take-up climbed to 23.57 vs. prior 18.04%; primary dealer take-up new year high of 24.91% vs. prior 20.01%.
  • Timing: The 3Y note sale 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.