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US TSYS/SUPPLY: Preview 30Y Bond Auction Re-Open

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

Tsy futures remain mixed, off the knee-jerk post-data lows with curves twisting steeper (2s10s +6.625 at 11.309) ahead the $22B 30Y Bond auction re-open (912810UC0) at the top of the hour. WI currently running around 4.372%, 35.7bp cheap vs. last month's tail:

  • September auction recap: Treasury futures remained near lows (USZ4 126-04, -21) after the $22B 30Y auction re-open (912810UC0) tailed slightly: 4.015% high yield vs. 4.000% WI; 2.38x bid-to-cover vs. 2.31x in the prior month.
  • Indirect take-up 68.68% vs. 65.32% prior; direct bidder take-up 15.66% vs. 15.50% prior; primary dealer take-up 15.66% vs. 19.18% prior (highest since November).
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.
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Tsy futures remain mixed, off the knee-jerk post-data lows with curves twisting steeper (2s10s +6.625 at 11.309) ahead the $22B 30Y Bond auction re-open (912810UC0) at the top of the hour. WI currently running around 4.372%, 35.7bp cheap vs. last month's tail:

  • September auction recap: Treasury futures remained near lows (USZ4 126-04, -21) after the $22B 30Y auction re-open (912810UC0) tailed slightly: 4.015% high yield vs. 4.000% WI; 2.38x bid-to-cover vs. 2.31x in the prior month.
  • Indirect take-up 68.68% vs. 65.32% prior; direct bidder take-up 15.66% vs. 15.50% prior; primary dealer take-up 15.66% vs. 19.18% prior (highest since November).
  • Timing: Today's results will be available shortly after the competitive auctions closes at 1300ET.