Tsy futures show little reaction after $70B 5Y note auction (91282CPN5) draws 3.747% high yield vs. 3.746% WI; 2.35x bid-to-cover vs. 2.41x prior.
Peripheral stats: Indirect take-up recedes to 59.51% from 61.35% prior, direct take up rises to 31.65% vs. 27.61% prior, while primary dealer take-up recedes to 8.84% vs. 11.04% prior.
The next 5Y auction is tentatively scheduled for January 27.
FED: US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.139%; ALLOTMENT 13.58%
Dec-23 18:02
US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.139%; ALLOTMENT 13.58%
US TSY 1Y-10M FRN AUCTION: DEALERS TAKE 30.03% OF COMPETITIVES
US TSY 1Y-10M FRN AUCTION: DIRECTS TAKE 0.71% OF COMPETITIVES
US TSY 1Y-10M FRN AUCTION: INDIRECTS TAKE 69.25% OF COMPETITIVES
US TSY 1Y-10M FRN AUCTION: BID/CVR 3.75
FED: US TSY 5Y NOTE AUCTION: HIGH YLD 3.747%; ALLOTMENT 68.45%
Dec-23 18:02
US TSY 5Y NOTE AUCTION: HIGH YLD 3.747%; ALLOTMENT 68.45%
US TSY 5Y NOTE AUCTION: DEALERS TAKE 8.84% OF COMPETITIVES
US TSY 5Y NOTE AUCTION: DIRECTS TAKE 31.65% OF COMPETITIVES
US TSY 5Y NOTE AUCTION: INDIRECTS TAKE 59.51% OF COMPETITIVES