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US TSYS/SUPPLY: Review 30Y Bond Auction Re-Open: Strong Sale

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

Treasury futures still weaker (USZ4 120-04, -21) after the strong $22B 30Y auction re-open (912810UC0) trades through: 4.389% high yield vs. 4.405% WI; 2.50x bid-to-cover vs. 2.38x in the prior month.

  • Indirect take-up surges to new high of 80.47% vs. 68.68% prior; direct bidder take-up 7.37% vs. 15.66% prior; primary dealer take-up 12.16% vs. 15.66% prior.
  • The next 30Y auction is tentatively scheduled for November 6.
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Treasury futures still weaker (USZ4 120-04, -21) after the strong $22B 30Y auction re-open (912810UC0) trades through: 4.389% high yield vs. 4.405% WI; 2.50x bid-to-cover vs. 2.38x in the prior month.

  • Indirect take-up surges to new high of 80.47% vs. 68.68% prior; direct bidder take-up 7.37% vs. 15.66% prior; primary dealer take-up 12.16% vs. 15.66% prior.
  • The next 30Y auction is tentatively scheduled for November 6.