FED: Citi On The Mark For Jan Payrolls, But Still Pushes Back March Cut View

Feb-11 16:55

One of the last major institutions that still saw a March Fed cut in its baseline going into January...

Historical bullets

US TSYS/SUPPLY: Review 3Y Note Auction

Jan-12 16:36
  • Treasury futures hold modestly weaker (TUH6 104-07.25, -.25, 1TYH6 -3 at 112-04) after the $58B 3Y note auction (91282CPT2) draw 3.609% high yield vs. 3.610% WI; 2.65x bid-to-cover steady vs. prior.
  • Peripheral stats: Indirect take-up retreats to 56.50% vs. 71.97% prior; direct bidder take-up at 29.5% from 19.0% prior; primary dealer take-up 14.0% vs. 9.03% prior.
  • The next 3Y auction is tentatively scheduled for Febuary 10.

FED: US TSY 26W BILL AUCTION: HIGH 3.490%(ALLOT 42.32%)

Jan-12 16:32
  • US TSY 26W BILL AUCTION: HIGH 3.490%(ALLOT 42.32%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 20.99% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 9.90% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 69.11% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 3.17

FED: US TSY 3Y NOTE AUCTION: HIGH YLD 3.609%; ALLOTMENT 77.54%

Jan-12 16:32
  • US TSY 3Y NOTE AUCTION: HIGH YLD 3.609%; ALLOTMENT 77.54%
  • US TSY 3Y NOTE AUCTION: DEALERS TAKE 14.00% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: DIRECTS TAKE 29.50% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 56.50% OF COMPETITIVES
  • US TSY 3Y AUCTION: BID/CVR 2.65