CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Preview Tsy 5Y Note Auction

US TSYS/SUPPLY

Size of the upcoming 5Y note (91282CCF6) auction is the fifth consecutive offering at $61B, up from $59B in December. While the 5Y auction has averaged a modest -0.2bp tail over the last five months, current 5Y yld is running around 0.795% vs. last month's high yield of 0.849%, pretty much in-line w/ 0.85% WI at the time.

  • Bid-to-covers have averaged around 2.33x in the last 5 months, with April at 2.31x vs. 2.39x high in December.
  • Indirect take-up was 57.79% in April, compared to the 5 month range of 57.03%-60.47% (58.08 5M avg). Primary dealers took down 24.51% last month, the lowest since 24.08% in October '20.
  • Direct take-up picked up climbed to 17.46% last month, well over the 16.11% 5M avg, but still shy of 17.96% in December, the highest in over a year.
  • The next 5Y auction is tentatively scheduled for June 23.
  • Timing: The 5Y note auction results will be available shortly after the competitive auctions closes at 1300ET.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.