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Review 10Y Auction Re-Open: Stops Through

US TSYS/SUPPLY

Tsy futures bounce higher after $32B 10Y note auction re-open (91282CFV8) stops through w/ 3.575% high yield vs. 3.580% WI; 2.53x bid-to-cover vs. 2.31x prior.

  • Indirect take-up 67.02% vs. 59.45% prior; direct bidder take-up 17.92% from 18.70% prio, primary dealer take-up 15.06% vs. 21.86%.
  • Next (new) 10Y auction is tentatively scheduled for February 8.

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