US TSYS/SUPPLY: Preview 7Y Note Auction

Sep-25 16:19
  • Tsy $44B 7Y-Note auction (91282CNZ0) is at the top of the hour, WI currently running around 3.955%, 3bp cheap vs. last month's tail. Currently, Dec'25 10Y futures trade -11 at 112-09.5 vs. 112-06 low.
  • Auction results will be available shortly after the competitive auction closes at 1300ET.
  • August auction recap: Tsys futures pared gains (TYZ5 currently 112-17 last (+3) vs. 112-19.5 high) after the $44B 7Y note auction (91282CNW7) tailed: 3.925% high yield vs. WI of 3.920%; bid-to-cover 2.49x from 2.79x prior.
  • Peripheral stats: Indirect take-up climbed to 77.45% vs. 62.26% prior; Direct take-up retreated to 12.77% vs. 33.68% prior; Dealers took 9.79% vs. 4.06% prior.


 


 

Historical bullets

FED: US TSY TO SELL $85.000 BLN 8W BILL AUG 28, SETTLE SEP 02

Aug-26 16:05
  • US TSY TO SELL $85.000 BLN 8W BILL AUG 28, SETTLE SEP 02

FED: US TSY TO SELL $100.000 BLN 4W BILL AUG 28, SETTLE SEP 02

Aug-26 16:05
  • US TSY TO SELL $100.000 BLN 4W BILL AUG 28, SETTLE SEP 02

FED: US TSY TO SELL $65.000 BLN 17W BILL AUG 27, SETTLE SEP 02

Aug-26 16:05
  • US TSY TO SELL $65.000 BLN 17W BILL AUG 27, SETTLE SEP 02