MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS/SUPPLY: Review 20Y Bond Auction Re-Open: 2Bp Tail

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

Tsy futures dip/hold near session lows (TYZ4 trading 115-09.5, -8.5), after $13B 20Y bond auction reopen (912810UD8) tailed: 4.039% high yield vs. 4.018% WI; 2.51x bid-to-cover (lowest since May) vs. prior month's 2.54x.

  • Indirect take-up falls back to 65.09% vs. 71.00% last month; direct bidder take-up 16.28% vs. 19.27% prior; primary dealer take-up at surged to 18.62% vs. 9.72% prior.
  • The next 20Y auction (re-open) is tentatively scheduled for October 23.
69 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.

Tsy futures dip/hold near session lows (TYZ4 trading 115-09.5, -8.5), after $13B 20Y bond auction reopen (912810UD8) tailed: 4.039% high yield vs. 4.018% WI; 2.51x bid-to-cover (lowest since May) vs. prior month's 2.54x.

  • Indirect take-up falls back to 65.09% vs. 71.00% last month; direct bidder take-up 16.28% vs. 19.27% prior; primary dealer take-up at surged to 18.62% vs. 9.72% prior.
  • The next 20Y auction (re-open) is tentatively scheduled for October 23.