US TREASURY AUCTION CALENDAR: Avg 3Y Sale

US TSYS/SUPPLYReview 3Y Note Auction: Average, Direct Bidder Take-Up Bounces

Treasury futures holding weaker, near lows after nearly in-line $58B 3Y note auction (91282CMB4) draws 4.117% high yield vs. 4.115% WI; 2.58x bid-to-cover vs. 2.60x prior.
Peripheral stats see indirect take-up recede to 64.18% vs. 70.62% prior; direct bidder take-up rebounds off prior low of 9.62% to 20.71%; primary dealer take-up recedes to 15.11% vs. 19.75% prior.
The next 3Y auction is tentatively scheduled for January 7.

10-Dec	1130ET	$70B	42D CMB	(912797JR9), 4.320%
10-Dec	1300ET	$58B	3Y Note	(91282CMB4), 4.117% vs. 4.115% WI
11-Dec	1130ET	TBA	17W Bills	(912797NZ6)
11-Dec	1300ET	$39B	10Y Note R/O	(91282CLW9)
12-Dec	1130ET	TBA	4W Bill	(912797MX2)
12-Dec	1130ET	TBA	8W Bill	(912797NG8)
12-Dec	1300ET	$22B	30Y Bond R/O	(912810UE6)

16-Dec	1130ET	TBA	13W Bills	12-Dec
16-Dec	1130ET	TBA	26W Bills	12-Dec
17-Dec	1300ET	TBA	20Y Bond R/O	12-Dec
18-Dec	1130ET	TBA	17W Bills	17-Dec
19-Dec	1130ET	TBA	4W Bills	17-Dec
19-Dec	1130ET	TBA	8W Bills	17-Dec
19-Dec	1300ET	TBA	5Y TIPS R/O	12-Dec

23-Dec	1130ET	TBA	13W Bills	19-Dec
23-Dec	1130ET	TBA	26W Bills	19-Dec
23-Dec	1300ET	TBA	52W Bills	19-Dec
23-Dec	1300ET	TBA	2Y Note	19-Dec
24-Dec	1130ET	TBA	2Y FRN	19-Dec
24-Dec	1300ET	TBA	5Y Note	19-Dec
26-Dec	1130ET	TBA	4W Bills	24-Dec
26-Dec	1130ET	TBA	8W Bills	24-Dec
26-Dec	1130ET	TBA	17W Bills	24-Dec
26-Dec	1300ET	TBA	7Y Note	19-Dec

30-Dec	1130ET	TBA	13W Bills	26-Dec
30-Dec	1130ET	TBA	26W Bills	26-Dec
2-Jan	1130ET	TBA	4W Bills	31-Dec
2-Jan	1130ET	TBA	8W Bills	31-Dec
2-Jan	1130ET	TBA	17W Bills	31-Dec

6-Jan	1130ET	TBA	13W Bills	2-Jan
6-Jan	1130ET	TBA	26W Bills	2-Jan
7-Jan	1300ET	TBA	3Y Note	2-Jan
8-Jan	1300ET	TBA	10Y Note R/O	2-Jan
9-Jan	1300ET	TBA	30Y Bond R/O	2-Jan

22-Jan	1300ET	TBA	20Y Bond R/O	16-Jan
23-Jan	1300ET	TBA	10Y TIPS	16-Jan

27-Jan	1130ET	TBA	2Y Note	23-Jan
27-Jan	1300ET	TBA	5Y Note	23-Jan
28-Jan	1130ET	TBA	2Y FRN	23-Jan
28-Jan	1300ET	TBA	7Y Note	23-Jan

11-Feb	1300ET	TBA	3Y Note	5-Feb
12-Feb	1300ET	TBA	10Y Note	5-Feb
13-Feb	1300ET	TBA	30Y Bond	5-Feb

19-Feb	1300ET	TBA	20Y Bond	13-Feb
20-Feb	1300ET	TBA	30Y TIPS	13-Feb

24-Feb	1300ET	TBA	2Y Note	20-Feb
25-Feb	1300ET	TBA	5Y Note	20-Feb
26-Feb	1300ET	TBA	2Y FRN R/O	20-Feb
26-Feb	1300ET	TBA	7Y Note	20-Feb

11-Mar	1300ET	TBA	3Y Note	6-Mar
12-Mar	1300ET	TBA	10Y Note R/O	6-Mar
13-Mar	1300ET	TBA	30Y Bond R/O	6-Mar

18-Mar	1300ET	TBA	20Y Bond R/O	13-Mar
20-Mar	1300ET	TBA	10Y TIPS R/O	13-Mar

25-Mar	1300ET	TBA	2Y Note	20-Mar
26-Mar	1300ET	TBA	2Y FRN R/O	20-Mar
26-Mar	1300ET	TBA	5Y Note	20-Mar
27-Mar	1300ET	TBA	7Y Note	20-Mar

8-Apr	1300ET	TBA	3Y Note	3-Apr
9-Apr	1300ET	TBA	10Y Note R/O	3-Apr
10-Apr	1300ET	TBA	30Y Bond R/O	3-Apr

16-Apr	1300ET	TBA	20Y Bond R/O	10-Apr
17-Apr	1300ET	TBA	5Y TIPS	10-Apr

22-Apr	1300ET	TBA	2Y Note	17-Apr
23-Apr	1300ET	TBA	2Y FRN	17-Apr
23-Apr	1300ET	TBA	5Y Note	17-Apr
24-Apr	1300ET	TBA	7Y Note	17-Apr

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US TSYS/SUPPLYReview 3Y Note Auction: Average, Direct Bidder Take-Up Bounces

Treasury futures holding weaker, near lows after nearly in-line $58B 3Y note auction (91282CMB4) draws 4.117% high yield vs. 4.115% WI; 2.58x bid-to-cover vs. 2.60x prior.
Peripheral stats see indirect take-up recede to 64.18% vs. 70.62% prior; direct bidder take-up rebounds off prior low of 9.62% to 20.71%; primary dealer take-up recedes to 15.11% vs. 19.75% prior.
The next 3Y auction is tentatively scheduled for January 7.

10-Dec	1130ET	$70B	42D CMB	(912797JR9), 4.320%
10-Dec	1300ET	$58B	3Y Note	(91282CMB4), 4.117% vs. 4.115% WI
11-Dec	1130ET	TBA	17W Bills	(912797NZ6)
11-Dec	1300ET	$39B	10Y Note R/O	(91282CLW9)
12-Dec	1130ET	TBA	4W Bill	(912797MX2)
12-Dec	1130ET	TBA	8W Bill	(912797NG8)
12-Dec	1300ET	$22B	30Y Bond R/O	(912810UE6)

16-Dec	1130ET	TBA	13W Bills	12-Dec
16-Dec	1130ET	TBA	26W Bills	12-Dec
17-Dec	1300ET	TBA	20Y Bond R/O	12-Dec
18-Dec	1130ET	TBA	17W Bills	17-Dec
19-Dec	1130ET	TBA	4W Bills	17-Dec
19-Dec	1130ET	TBA	8W Bills	17-Dec
19-Dec	1300ET	TBA	5Y TIPS R/O	12-Dec

23-Dec	1130ET	TBA	13W Bills	19-Dec
23-Dec	1130ET	TBA	26W Bills	19-Dec
23-Dec	1300ET	TBA	52W Bills	19-Dec
23-Dec	1300ET	TBA	2Y Note	19-Dec
24-Dec	1130ET	TBA	2Y FRN	19-Dec
24-Dec	1300ET	TBA	5Y Note	19-Dec
26-Dec	1130ET	TBA	4W Bills	24-Dec
26-Dec	1130ET	TBA	8W Bills	24-Dec
26-Dec	1130ET	TBA	17W Bills	24-Dec
26-Dec	1300ET	TBA	7Y Note	19-Dec

30-Dec	1130ET	TBA	13W Bills	26-Dec
30-Dec	1130ET	TBA	26W Bills	26-Dec
2-Jan	1130ET	TBA	4W Bills	31-Dec
2-Jan	1130ET	TBA	8W Bills	31-Dec
2-Jan	1130ET	TBA	17W Bills	31-Dec

6-Jan	1130ET	TBA	13W Bills	2-Jan
6-Jan	1130ET	TBA	26W Bills	2-Jan
7-Jan	1300ET	TBA	3Y Note	2-Jan
8-Jan	1300ET	TBA	10Y Note R/O	2-Jan
9-Jan	1300ET	TBA	30Y Bond R/O	2-Jan

22-Jan	1300ET	TBA	20Y Bond R/O	16-Jan
23-Jan	1300ET	TBA	10Y TIPS	16-Jan

27-Jan	1130ET	TBA	2Y Note	23-Jan
27-Jan	1300ET	TBA	5Y Note	23-Jan
28-Jan	1130ET	TBA	2Y FRN	23-Jan
28-Jan	1300ET	TBA	7Y Note	23-Jan

11-Feb	1300ET	TBA	3Y Note	5-Feb
12-Feb	1300ET	TBA	10Y Note	5-Feb
13-Feb	1300ET	TBA	30Y Bond	5-Feb

19-Feb	1300ET	TBA	20Y Bond	13-Feb
20-Feb	1300ET	TBA	30Y TIPS	13-Feb

24-Feb	1300ET	TBA	2Y Note	20-Feb
25-Feb	1300ET	TBA	5Y Note	20-Feb
26-Feb	1300ET	TBA	2Y FRN R/O	20-Feb
26-Feb	1300ET	TBA	7Y Note	20-Feb

11-Mar	1300ET	TBA	3Y Note	6-Mar
12-Mar	1300ET	TBA	10Y Note R/O	6-Mar
13-Mar	1300ET	TBA	30Y Bond R/O	6-Mar

18-Mar	1300ET	TBA	20Y Bond R/O	13-Mar
20-Mar	1300ET	TBA	10Y TIPS R/O	13-Mar

25-Mar	1300ET	TBA	2Y Note	20-Mar
26-Mar	1300ET	TBA	2Y FRN R/O	20-Mar
26-Mar	1300ET	TBA	5Y Note	20-Mar
27-Mar	1300ET	TBA	7Y Note	20-Mar

8-Apr	1300ET	TBA	3Y Note	3-Apr
9-Apr	1300ET	TBA	10Y Note R/O	3-Apr
10-Apr	1300ET	TBA	30Y Bond R/O	3-Apr

16-Apr	1300ET	TBA	20Y Bond R/O	10-Apr
17-Apr	1300ET	TBA	5Y TIPS	10-Apr

22-Apr	1300ET	TBA	2Y Note	17-Apr
23-Apr	1300ET	TBA	2Y FRN	17-Apr
23-Apr	1300ET	TBA	5Y Note	17-Apr
24-Apr	1300ET	TBA	7Y Note	17-Apr

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US TREASURY AUCTION CALENDAR: Avg 3Y Sale

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