Free Trial

Review 7Y Note Auction: Decent Sale

US TSYS/SUPPLY
  • Tsys futures extend highs (TYH4 110-31.5 last - testing resistance) after the $43B 7Y note auction (91282CKC4) stopped through with 4.185% high yield vs. 4.192% WI; 2.61x bid-to-cover vs. 2.58x last month.
  • Indirect take-up climbed to 69.73% vs. 69.57% last month; Direct take-up 17.41% vs. 14.38% prior, Dealers take 12.86% vs. 15.06%.

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.