Treasury futures pare losses slightly (TUH6 104-06.62, -1.75) after strong $58B 3Y note auction (91282CPP0) stop: drawing 3.614% high yield vs. 3.622% WI; 2.65x bid-to-cover vs. 2.85x prior.
Peripheral stats: Indirect take-up surges to 71.97% vs. 62.7% prior; direct bidder take-up at 19.0% from 27.32% prior; primary dealer take-up 9.03% vs. 9.72% prior.
The next 3Y auction is tentatively scheduled for January 12.
GLOBAL: Equities Briefly Extend Bounce on US Commerce Headlines on Chips/China
Dec-08 18:04
"U.S. COMMERCE TO OPEN UP EXPORTS OF NVIDIA H200 CHIPS TO CHINA -SEMAFOR" (Reuters)
"Seeking a compromise over controlling exports to China, the US Department of Commerce will soon allow the export of powerful NVIDIA GPUs that are roughly 18 months behind its most advanced offerings, according to a person with knowledge of the plan."