Free Trial

US TSYS/SUPPLY: Review 7Y Auction: 10Bp Stop, Treasuries Extend Highs

US TSYS/SUPPLY
  • Tsys futures extend highs (TYM5 currently 110-22.5 last, +5) after the $44B 7Y note auction (91282CMR9) stops 10bp through with 4.194% high yield vs. WI of 4.204%; bid-to-cover steady at 2.64x.
  • Peripheral stats: Indirect take-up slips to 66.06% vs. 67.08% prior; Direct take-up  25.16% vs. 23.06% prior; Dealers take 8.78% vs. 9.86% prior.
  • The next 7Y Treasury auction is tentatively scheduled for March 27.
62 words

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.
  • Tsys futures extend highs (TYM5 currently 110-22.5 last, +5) after the $44B 7Y note auction (91282CMR9) stops 10bp through with 4.194% high yield vs. WI of 4.204%; bid-to-cover steady at 2.64x.
  • Peripheral stats: Indirect take-up slips to 66.06% vs. 67.08% prior; Direct take-up  25.16% vs. 23.06% prior; Dealers take 8.78% vs. 9.86% prior.
  • The next 7Y Treasury auction is tentatively scheduled for March 27.