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US TSYS/SUPPLY: Preview $13B 20Y Bond Auction Re-Open

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

Tsy futures trading weaker/near lows ahead today's $13B 20Y-Bond auction (912810UD8) at 1300ET. WI is currently running at 4.011%, 14.9bp rich to last month's in-line sale:

  • August recap: Tsy futures held near session highs (TYU4 trading 113-27, +9), largely ignoring the on the screws $16B 20Y bond auction (912810UD8) 4.160% high yield vs. 4.161% WI; 2.54x bid-to-cover (lowest since May) vs. prior month's 2.68x.
  • Indirect take-up fell to 71.00% vs. 77.20% last month; direct bidder take-up gapped to 19.27% vs. 14.32% prior; primary dealer take-up at 9.72% (highest since May) vs. 8.47% prior.
  • Timing: today's 20Y note results will be available shortly after the competitive auctions closes at 1300ET.
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Tsy futures trading weaker/near lows ahead today's $13B 20Y-Bond auction (912810UD8) at 1300ET. WI is currently running at 4.011%, 14.9bp rich to last month's in-line sale:

  • August recap: Tsy futures held near session highs (TYU4 trading 113-27, +9), largely ignoring the on the screws $16B 20Y bond auction (912810UD8) 4.160% high yield vs. 4.161% WI; 2.54x bid-to-cover (lowest since May) vs. prior month's 2.68x.
  • Indirect take-up fell to 71.00% vs. 77.20% last month; direct bidder take-up gapped to 19.27% vs. 14.32% prior; primary dealer take-up at 9.72% (highest since May) vs. 8.47% prior.
  • Timing: today's 20Y note results will be available shortly after the competitive auctions closes at 1300ET.