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.