Free Trial

Review 3Y Auction: In-Line

US TSYS/SUPPLY

Treasury futures remain mixed, short end weaker but off lows after in-line $40B 3Y note auction (91282CHM6): 4.534% high yield vs. 4.535% WI; 2.88x bid-to-cover vs. 2.70x prior month.

  • Indirect take-up back up to 69.43% vs. 61.53% prior; direct bidder take-up at 19.79% vs. 21.74% prior; primary dealer take-up 10.78% vs. 16.74%.
  • The next 3Y auction is tentatively scheduled for Aug 8.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.