February 07, 2023 17:08 GMT
Preview Tsy 3Y Note Auction
US TSYS/SUPPLY
Tsy futures trading ahead the $40B 3Y note auction (91282CGL9) at the top of the hour. WI is currently at 4.100%, 12.3bp cheap to last month's stop.
- January auction recap: Treasury futures saw modest bounce off lows after $40B 3Y note auction (91282CGE5) stopped through: 3.977% high yield vs. 4.000% WI; 2.84x bid-to-cover vs. 2.55x prior month.
- Indirect take-up to 69.54% vs. 61.71% prior; direct bidder take-up at 13.18% vs. 20.44% prior; primary dealer take-up 17.28% vs. 17.85%.
- Timing: The 3Y note sale results will available shortly after the competitive auctions closes at 1300ET.
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