ITALY T-BILL AUCTION PREVIEW: CORR: On offer next week

Nov-07 16:46

Time to maturity was flipped in the initial post.

MEF has announced it will be looking to sell the following BOTs at its auction next Tuesday, November 12:

  • E1.5bln of the 2-month Jan 14, 2025 BOT
  • E7.5bln of the new 12-month Nov 14, 2025 BOT

Historical bullets

PIPELINE: $5B World Bank 5Y Debt Priced

Oct-08 16:45
  • Date $MM Issuer (Priced *, Launch #)
  • 10/08 $5B *World Bank 5Y +39
  • 10/08 $1.6B Cleveland-Cliffs 5NC2, 8.5NC3.5
  • 10/08 $1.5B *NWB 2Y SOFR+33
  • 10/08 $1.5B #Standard Chartered 6NC5 +115
  • 10/08 $1.25B #Islamic Development Bank5Y SOFR+50
  • 10/08 $1B KDB (Korea Development Bank) WNG 3Y SOFR+62a
  • 10/08 $750M #Sharjah 10.5Y +140
  • 10/08 $500M #Norinchukin Bank 5Y +123
  • 10/08 $500M Azorra Finance 5.5NC2
  • 10/08 $Benchmark Royal Bank of Canada 3NC2 +75a, 3NC2 SOFR, 4NC3 +85a, 4NC3 SOFR, 6NC5 +105a

US TSYS: US TSY 3Y AUCTION: NON-COMP BIDS $193 MLN FROM $58.000 BLN TOTAL

Oct-08 16:45
  • US TSY 3Y AUCTION: NON-COMP BIDS $193 MLN FROM $58.000 BLN TOTAL

US TSYS/SUPPLY: Preview 3Y Note Auction

Oct-08 16:32
  • Tsy futures are trading mixed ahead of the $58B 3Y note auction (91282CLQ2) at 1300ET, 2s-10s firmer vs. bonds. WI is currently at 3.872%, 42.8bp cheap to last month's stop-through sale.
  • September auction recap: Treasury futures held near session highs (TYZ4 115-11.5, +10) after $58B 3Y note auction (91282CLL3) traded 1.6bp through: 3.444% high yield vs. 3.456% WI; 2.66x bid-to-cover vs. 2.55x prior.
  • Indirect take-up climbed to 78.24% vs. 64.39% prior; direct bidder take-up fell to 11.30% vs. 20.25% prior; while primary dealer take-up slipped to 10.45% vs. 15.35% prior.
  • Timing today's 3Y note sale: results will be available shortly after the competitive auctions closes at 1300ET.