November 09, 2022 18:05 GMT
Review 10Y Auction: 3.3Bp Tail, Tsys Sell-Off
US TSYS/SUPPLY
Tsy futures sell-off, curves steepening after $35B 10Y note auction (91282CFD8) tails yet again w/ 4.140% high yield vs. 4.107% WI; 2.23x bid-to-cover vs. 2.34x prior.
- Indirect take-up 57.5% vs. 56.79% prior; direct bidder take-up 18.07 from 23.51%, primary dealer take-up 24.43% vs. 19.70%.
- Next 10Y auction is tentatively scheduled for December 12.
51 words