US TSYS/SUPPLY: Review 2Y Note Auction: Near on the Screws
Apr-27 15:36
Tsy futures hold near recent lows after the $69B 2Y note auction (91282CQL8) came out near in-line: high yield of 3.812% vs. 3.810% WI; 2.65x bid-to-cover vs. 2.44x prior.
Peripheral stats: Indirect take-up retreats to 56.48% from 59.38% prior, directs take-up jumps back to 31.65% vs. 16.5% prior, primary dealer take-up retreats to 11.87% vs. 24.12% prior.
The next 2Y auction is tentatively scheduled for May 26.