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Review 30Y Bond Auction Re-Open: Strong

US TSYS/SUPPLY

Tys bounce, bonds back near midmorning highs after $19B 30Y auction re-open (912810TG3) stops through: 3.115% high yield vs. 3.135% WI; 2.44x bid-to-cover vs. 2.35x the prior month.

  • Indirect take-up climbs to 73.20% vs. 69.02% in Jun; direct bidder take-up 16.34% vs. 16.90% prior; primary dealer take-up falls to 10.46% vs. 14.08%.
  • The next 30Y auction (re-open) is tentatively scheduled for Aug 11

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