May 23, 2024 17:12 GMT
CORRECTION Review: $16B 10Y TIPS, Next Auction July 18
US TSYS/SUPPLY
- Already trading weaker, Treasury futures dip slightly after the $16B 10Y TIPS auction tailed 2.3bp with high yield of 2.184% vs. 2.161% WI, bid-to-cover 2.33x vs. 2.35x prior.
- Indirect take-up at 69.82% vs. 72.0% prior; direct bidder take-up 16.14% vs. 16.0% prior; primary dealer take-up at 14.04% vs. 12.0% prior. The next 10Y TIPS auction is tentatively scheduled for July 18.
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