December 23, 2024 18:04 GMT
US TSYS/SUPPLY: Review 2Y Note Auction: On the Screws
US TSYS/SUPPLY
- Tsy futures holding near recent session lows after the $69B 2Y note auction (91282CME8) came out on the screws: 4.335% high yield vs. 4.335% WI; 2.73x bid-to-cover vs. 2.77x prior.
- Indirect take-up climbed to 82.09% from 71.63% prior, directs slips to 6.65% vs. 19.17% prior, primary dealer take-up 11.26% vs. 9.20% prior.
- The next 2Y auction is tentatively scheduled for January 27.
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