Free Trial

Review 3Y Auction: Small Tail

US TSYS/SUPPLY

Treasury futures holding narrow range near session lows after $50B 3Y note auction (91282CJP7) tailed: 4.490% high yield vs. 4.472% WI; 2.42x bid-to-cover vs. 2.67x prior month.

  • Indirect take-up receded to 52.08% vs. 60.60% prior; direct bidder take-up 21.69% vs. 19.13% prior; primary dealer take-up climbs to 26.24% vs. 16.26%.
  • The next 3Y auction is tentatively scheduled for January 9.

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.