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Review 30Y Bond Auction Reopen: Stopped Through

US TSYS/SUPPLY

Tys extend session highs after decent $18B 30Y auction reopen (912810TL2) 2.2bp tail: 3.585% high yield vs. 3.607% WI; 2.45x bid-to-cover vs. 2.25x prior month.

  • Indirect take-up 74.63% vs. 61.57% prior; direct bidder take-up 16.33% vs. 23.10% prior; primary dealer take-up 9.04% vs.15.33%.
  • The next 30Y auction (re-open) is tentatively scheduled for February 9.

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