US TSYS/SUPPLY: Review: 30Y Bond Auction Tailed
Aug-07 17:05
Treasury futures retreat (USU5 -5 at 115-13) after the $28B 30Y auction (912810UM8) tailed 2.2bp: 4.813% high yield vs. 4.791% WI; 2.27x bid-to-cover vs. 2.38x in the prior month.
- Peripheral measures: indirect take-up at 59.52% vs. 59.78% prior; direct bidder take-up retreats to 23.03% vs. 27.4% prior; primary dealer take-up climbs to 17.46% vs. 12.82% prior.
- The next 30Y auction (open) is tentatively scheduled for September 11.
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US: Copper Prices Spike and Then Reverse as Trump Announces 50% Tariff
Jul-08 17:04
- "*TRUMP SAYS IMPOSING 50% TARIFF ON COPPER" -bbg
- "ANNOUNCING COPPER TARIFF TODAY" -bbg
- Copper futures initially spike on the news although quickly reverse as the markjet anticipates the higher price for the US consumer. In simialr vein, USDCLP initially lower on the headline but now reversing.
US TSYS/SUPPLY: Review 3Y Note Auction: Small Tail
Jul-08 17:04
- Treasury futures remain weaker, little react after $58B 3Y note auction (91282CNM9) tailed again: drawing 3.891% high yield vs. 3.887% WI; 2.51x bid-to-cover vs. 2.52x prior.
- Peripheral stats see indirect take-up retreated to 54.11% vs. 66.78% prior; direct bidder take-up climbed to 29.38% from 18.03% prior; primary dealer take-up 16.51% vs. 15.19% prior.
FED: US TSY 3Y NOTE AUCTION: HIGH YLD 3.891%; ALLOTMENT 19.35%
Jul-08 17:02
- US TSY 3Y NOTE AUCTION: HIGH YLD 3.891%; ALLOTMENT 19.35%
- US TSY 3Y NOTE AUCTION: DEALERS TAKE 16.51% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: DIRECTS TAKE 29.38% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 54.11% OF COMPETITIVES
- US TSY 3Y AUCTION: BID/CVR 2.51
