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WI 3Y

US TSYS/SUPPLY

WI gains slightly ahead of the $52B 3Y note auction (91282CJT9) cut-off at 1300ET.

  • 3Y WI up to 4.122 vs 4.117% earlier, compares to last month's tail: 4.490% high yield vs. 4.472% WI.
  • Treasury futures holding modestly weaker, curves flatter with the short end under pressure due to the incoming Tsy and corporate IG supply. Mar'24 10Y currently -4.5 at 111-29, 10Y yield at 4.0171 -.0134.

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