US Treasury Auction Calendar

Next week sees $12B 20Y Bond re-open on Tuesday, $15B 10Y Tips reopen next Thursday.

This week's Treasury issuance roundup below.

• Review: 3Y Auction Tails Treasury futures pare gains slightly after $41B 3Y note auction (91282CFK2) tail: 3.564% high yield vs. 3.545% WI; 2.49x bid-to-cover vs. 2.50x last month. Indirect take-up slips to 54.55% vs. 63.08% prior; direct bidder take-up at 21.85 vs. last month's 17.28%; primary dealer take-up 23.60% vs. 19.64%.
• Review 10Y Auction: Weak Re-Open, Tsy Support Evaporates Tsy futures gap lower after $32B 10Y note auction re-open (91282CFF3) underperforms: large tail w/ 3.330% high yield vs. 3.302% WI; 2.37x bid-to-cover vs. last month's 2.53x Indirect take-up falls to 62.30% vs. last month's 74.52% high; direct bidder take-up 17.89 from 15.56%, primary dealer take-up rebounds to 19.81% vs. 9.92%
• Review 30Y Bond Auction Stopped Through, Tsys Bouncing Still broadly weaker, Tys bouncing after $18B 30Y auction re-open (912810TJ7) stopped through: 3.511% high yield vs. 3.530% WI; 2.42x bid-to-cover vs. 2.31x the prior month. Indirect take-up climbed to 72.09% vs. 70.75% in August; direct bidder take-up 17.06% vs. 18.51% prior; primary dealer take-up 10.85% vs.10.84%.