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Review 30Y Bond Auction Re-Open

US TSYS/SUPPLY

Treasury futures remain near lows (USZ4 126-04, -21) after the $22B 30Y auction re-open (912810UC0) tails slightly: 4.015% high yield vs. 4.000% WI; 2.38x bid-to-cover vs. 2.31x in the prior month.

  • Indirect take-up 68.68% vs. 65.32% prior; direct bidder take-up 15.66% vs. 15.50% prior; primary dealer take-up 15.66% vs. 19.18% prior (highest since November).
  • The next 30Y auction (re-open) is tentatively scheduled for October 10.
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Treasury futures remain near lows (USZ4 126-04, -21) after the $22B 30Y auction re-open (912810UC0) tails slightly: 4.015% high yield vs. 4.000% WI; 2.38x bid-to-cover vs. 2.31x in the prior month.

  • Indirect take-up 68.68% vs. 65.32% prior; direct bidder take-up 15.66% vs. 15.50% prior; primary dealer take-up 15.66% vs. 19.18% prior (highest since November).
  • The next 30Y auction (re-open) is tentatively scheduled for October 10.