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Review 30Y Bond Auction Stopped Through, Tsys Bouncing

US TSYS/SUPPLY

Still broadly weaker, Tys bouncing after $18B 30Y auction re-open (912810TJ7) stopped through: 3.511% high yield vs. 3.530% WI; 2.42x bid-to-cover vs. 2.31x the prior month.

  • Indirect take-up climbed to 72.09% vs. 70.75% in August; direct bidder take-up 17.06% vs. 18.51% prior; primary dealer take-up 10.85% vs.10.84%.
  • The next 30Y auction (re-open) is tentatively scheduled for October 13

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