Free Trial

Preview Tsy 3Y Note Auction

US TSYS/SUPPLY

Tsy futures trading mixed ahead the $40B 3Y note auction (91282CGR6) at the top of the hour. WI is currently at 4.635%, 56.2bp cheap to last month's tail.

  • February auction recap: Treasury futures scaled back support after $40B 3Y note auction (91282CGL9) tailed 4.3bp: 4.073% high yield vs. 4.035% WI; 2.33x bid-to-cover vs. 2.84x prior month.
  • Indirect take-up fell to 59.05% vs. 69.54% prior; direct bidder take-up at 21.06% vs. 13.18% prior; primary dealer take-up 19.89% vs. 17.28%.
  • 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.