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Review 30Y Bond Auction: Second Consecutive Trade Through

US TSYS/SUPPLY

Treasury futures paring losses (USH4 121-31, -6) after $21B 30Y auction reopen (912810TV0) stops through for the second consecutive time: 4.229% high yield vs. 4.231% WI; 2.37x bid-to-cover vs. 2.43x in the prior month (2.38x 5-auction average)

  • Indirect take-up 67.77% vs. 68.47% prior; direct bidder take-up 17.71% vs. 17.3% prior; primary dealer take-up 14.52% vs. 14.23%.
  • The next 30Y auction (re-open) is tentatively scheduled for February 8.

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