Free Trial

Review 2Y Note Auction: Small Tail, Tsys Inching Higher

US TSYS/SUPPLY

Tsy futures inching inching back near late morning highs after the $42B 2Y note auction (91282CGX3) tails slightly: 3.969% high yield vs. 3.965% WI; 2.68x bid-to-cover vs. 2.44x prior.

  • Indirect take-up to 61.20% vs. 52.80% prior month, direct take-up 19.87% vs. 24.17% prior, primary dealer take-up 18.93% vs. 23.03%,
  • The next 2Y auction is tentatively scheduled for May 23.

To read the full story

Close

Why MNI

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.