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Review 30Y Bond Auction

US TSYS/SUPPLY

Tys hold weaker level after $18B 30Y auction re-open (912810TJ7) tail: 3.930% high yield vs. 3.920% WI; 2.39x bid-to-cover vs. 2.42x the prior month.

  • Indirect take-up slipped to 69.13% vs. 72.09% prior; direct bidder take-up 18.65% vs. 17.06% prior; primary dealer take-up 12.22% vs.10.85%.
  • The next 30Y auction (re-open) is tentatively scheduled for November 9

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