Free Trial

10Y Auction Re-Open Review: Tsys Bounce


Tsys bounce off lows after $38B 10Y note auction re-open (91282CCB5) trades through: 1.371% high yield vs. 1.375% WI; 2.39x bid-to-cover off 2.43x 5 auction avg.

  • Indirect take-up eases slightly to 63.48% vs. 61.09% 5M avg, direct bidders slip to 17.48% vs. June's 19.23% -- over one year high. Still off 21.06% 5M average primary dealer take-up climbs to 19.04% vs. June's 15.73%, .
  • The next 10Y auction is tentatively scheduled for August 11.

To read the full story



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.