February 12, 2025 18:04 GMT
US TSYS/SUPPLY: Review 10Y Note Auction: Small Tail
US TSYS/SUPPLY
- Treasury futures holding weaker after the $42B 10Y note auction (91282CMM0) tailed: drawing 4.632% high yield vs. 4.622% WI; 2.48x bid-to-cover vs. 2.53x prior.
- Peripheral stats indirect take-up climbs to 71.55% vs. 61.39% prior; direct bidder take-up 13.61% from 22.97% prior; primary dealer take-up 14.84% vs. 15.64% prior.
- The next 10Y auction (re-open) is tentatively scheduled for March 12.
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