US TSYS/SUPPLY: Second Highest Indirect Take For 30Y Auction In Tracking

Jul-09 17:13

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* The indirect take, typically a rough proxy for foreign demand, is notable as it jumped from 60.0...

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US TSYS/SUPPLY: Review 3Y Note Auction - Small Tail

Jun-09 17:08
  • Treasury futures stable - hold modest gains (TUU6 at 103-01.5, TYU6 at 109-04) after the $58B 3Y note auction (91282CQV6) tailed slightly: 4.192% high yield vs. 4.190% WI; 2.64x bid-to-cover over the 5-auction average of 2.616x.
  • Peripheral stats: Indirect take-up above the 5-auction avg of 62.24% to 63.71%; direct bidder take-up at 21.01% from 20.14% prior (22.83% 5-auction avg); primary dealer take-up to 15.28% vs. 16.90% prior.
  • The next 3Y auction is tentatively scheduled for July 7.

SWITZERLAND: MNI Analysis: 10-Million Vote Could Pressure CHF If Approved

Jun-09 17:06

Sunday will see a Swiss vote on the "No to a Switzerland with 10 million! Sustainability Initiative". A referendum outcome in favour of the proposed cap to the country's population could prove CHF-negative through the rates channel, and raise questions around the country's relations to the EU.

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FED: US TSY 3Y NOTE AUCTION: HIGH YLD 4.192%; ALLOTMENT 42.92%

Jun-09 17:02
  • US TSY 3Y NOTE AUCTION: HIGH YLD 4.192%; ALLOTMENT 42.92%
  • US TSY 3Y NOTE AUCTION: DEALERS TAKE 15.28% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: DIRECTS TAKE 21.01% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 63.71% OF COMPETITIVES
  • US TSY 3Y AUCTION: BID/CVR 2.64