US: FED Reverse Repo Operation
Jun-06 17:20
- RRP usage climbs to $378.125B from $371.841B prior; number of counterparties slips to 72 from 76. Compares to $327.066B on Monday, April 15 -- the lowest level since mid-May 2021.
NY Federal Reserve/MNI
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PIPELINE: $5B CVS 5Pt Launched
May-07 17:19
- Date $MM Issuer (Priced *, Launch #)
- 5/7 $5B #CVS $1B 5Y +95, $1B 7Y +110, $1.25B 10Y +125, $750M 20Y +135, $1B 30Y +150
- 5/7 $Benchmark Ingersoll Rand 3Y +90a, 5Y +105a, 7Y +120a, 10Y +135a, 30Y +150a
- 5/7 $Benchmark Caterpillar 3Y +40, 3Y SOFR+52
- 5/7 $Benchmark Las Vegas Sands 3Y, 5Y, 10Y
- 5/7 $Benchmark Mastercard 10Y +55
- 5/7 $2B #Philippines $1B 10Y +80, $1B 25Y 5.6%
- 5/7 $1B NatWest PerpNC10 8.125%
- 5/7 $1B #Deutsche Bank 5Y +95
- 5/7 $800M #Entergy Arkansas $400M 10Y +100, $400M 30Y +118
- 5/7 $Benchmark Standard Chartered 4NC3, 4NC3 SOFR, 11NC10
- 5/7 $Benchmark Islamic Development Bank 5Y Sukuk SOFR+55a
- 5/7 $Benchmark National Rural Utilities 3Y +48, 5Y +73
- 5/7 $Benchmark Philippines SEC 10Y +120a, 25Y 6.05%a
- 5/7 $1B Organon & Co $500M 10NC5 8%a, $500M 10NC5 Sr 6.75%a
- 5/7 $500M *Korea Expressway 3Y +90a
- 5/7 $500M *BOC Aviation +5Y +87.5
- 5/7 $Benchmark Host Hotels 10Y +150
US TSYS/SUPPLY: Review 3Y Note Auction
May-07 17:07
Treasury futures holding gains (TYM4 109-06, +9.5) after $58B 3Y note auction (91282CKR1) trades through: 4.605% high yield vs. 4.607% WI; 2.63x bid-to-cover (Jan high) vs. 2.50x prior month.
- Indirect take-up climbs to highest since March at 65.52% vs. 60.26% prior; direct bidder take-up slips to 19.60% vs. 20.43% prior; primary dealer take-up falls to 14.87% vs. 19.13% prior.
- The next 3Y auction is tentatively scheduled for June 10.
US TSYS: US TSY 3Y NOTE AUCTION: HIGH YLD 4.605%; ALLOTMENT 87.59%
May-07 17:02
- US TSY 3Y NOTE AUCTION: HIGH YLD 4.605%; ALLOTMENT 87.59%
- US TSY 3Y NOTE AUCTION: DEALERS TAKE 14.87% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: DIRECTS TAKE 19.60% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 65.52% OF COMPETITIVES
- US TSY 3Y AUCTION: BID/CVR 2.63
