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Preview Tsy 3Y Note Auction


Tsy futures holding weaker, near session lows ahead of the early $50B 3Y note auction (91282CJP7) at 1130ET. WI is currently at 4.462%, 27.8bp rich to last month's in-line sale.

  • November auction recap: Treasury futures held a narrow range near session highs after $48B 3Y note auction (91282CJK8) came out largely as expected 4.701% high yield vs. 4.702% WI; 2.67x bid-to-cover vs. 2.56x prior month.
  • Indirect take-up climbed to 60.60% vs. 55.97% prior; direct bidder take-up 19.13% vs. 21.94% prior; primary dealer take-up to 16.26% vs. 22.09%.
  • Timing today's 3Y note sale: results will available shortly after the competitive auctions closes at 1130ET.

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