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Preview Tsy 3Y Note Auction

US TSYS/SUPPLY
BulletMarketsFixed Income NewsHomepage

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.
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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.