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Why MNI
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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.
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Free AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Preview Tsy 3Y Note Auction
Rush of Treasury issuance next two days due to Thursday settle, maintains 2 day gap between last auction and settle: Tsy coupon sale $41B 3Y-Note (91282CFK2) in addition to $42B 26W bills coming up at 1130ET; $32B 10Y notes re-open (91282CFF3) and $54B 13W bills at 1300ET (30Y Bond follows tomorrow).
- The 3Y WI is currently running around 3.560%, 35.8bp cheaper than last month's high yield. August auction recap: Treasury futures held modestly weaker levels - little react after $42B 3Y note sale's (91282CFE6) modest stop-through: 3.202% high yield vs. 3.205% WI; 2.50x bid-to-cover vs. 2.43x last month.
- Indirect take-up climbs to 63.08% vs. 60.37% prior; direct bidder take-up at 17.28 vs. last month's 19.35%; primary dealer take-up 19.64% vs. 20.28%.
- Timing: The 3Y note sale results will available shortly after the competitive auctions closes at 1300ET.
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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.