US Treasury Auction Calendar

Review 2Y Note Auction: Trades Through Tsy futures holding gains, little react after $42B 2Y note auction (91282CFX4) trades through: 4.505% high yield vs. 4.512% WI; 2.64x bid-to-cover vs. 2.59x prior.

• Indirect take-up climbs to 56.98% vs. 50.51% last month, primary dealer take-up 22.39% vs. 25.28%, direct take-up 20.62% vs. 24.21%.
• Next 2Y auction is tentatively scheduled for December 27.

Review $43B 5Y Note Auction: Small Tail Tsy futures holding near session lows (shifted lower on crude oil production cut denial from Saudis) after $43B 5Y note auction (91282CFZ9) small tail: 3.974% high yield vs. 3.970% WI; 2.39x bid-to-cover vs. 2.48x the prior month.

• Indirect take-up at 66.22% vs. 67.98% prior; Direct take-up 18.71% vs. 15.56% prior; Primary dealer take-up 15.07% vs. 16.46%.
• The next 5Y auction is tentatively scheduled for December 28.

Date	Time	Amt	Security	Cusip, Yields
21-Nov	1130ET	$45B	26W Bill	(912796ZF9), 4.520% vs. 4.440% prior
21-Nov	1130ET	$42B	2Y Note	(91282CFX4), 4.505% vs. 4.512% WI
21-Nov	1300ET	$54B	13W Bill	(912796T33), 4.220% vs. 4.155% prior
21-Nov	1300ET	$43B	5Y Note	(91282CFZ9), 3.974% vs. 3.970% WI
22-Nov	1130ET	$22B	2Y Note FRN R/O	(91282CEZ0)
22-Nov	1300ET	TBA	7Y Note	(91282CFY2)
23-Nov	1130ET	TBA	4W Bill	(912796ZA0)
23-Nov	1130ET	TBA	8W Bill	(912796ZL6)
23-Nov	1300ET	TBA	17W Bill	(912796Z85)
12-Dec	1130ET	TBA	3Y Note	8-Dec
12-Dec	1300ET	TBA	10Y Note Reopen	8-Dec
13-Dec	1300ET	TBA	30Y Bond Reopen	8-Dec
21-Dec	1300ET	TBA	5Y TIPS Reopen	15-Dec
22-Dec	1300ET	TBA	20Y Bond Reopen	15-Dec
27-Dec	1300ET	TBA	2Y Note	22-Dec
28-Dec	1130ET	TBA	2Y Note FRN R/O	22-Dec
28-Dec	1300ET	TBA	5Y Note	22-Dec
29-Dec	1300ET	TBA	7Y Note	22-Dec
10-Jan	1300ET	TBA	3Y Note	5-Jan
11-Jan	1300ET	TBA	10Y Note Reopen	5-Jan
12-Jan	1300ET	TBA	30Y Bond Reopen	5-Jan
18-Jan	1300ET	TBA	20Y Bond Reopen	12-Jan
19-Jan	1300ET	TBA	10Y TIPS	12-Jan
24-Jan	1300ET	TBA	2Y Note	19-Jan
25-Jan	1130ET	TBA	2Y Note FRN	19-Jan
25-Jan	1300ET	TBA	5Y Note	19-Jan
26-Jan	1300ET	TBA	7Y Note	19-Jan
7-Feb	1300ET	TBA	3Y Note	1-Feb
8-Feb	1300ET	TBA	10Y Note	1-Feb
9-Feb	1300ET	TBA	30Y Bond	1-Feb
15-Feb	1300ET	TBA	20Y Bond	9-Feb
16-Feb	1300ET	TBA	30Y TIPS	9-Feb
21-Feb	1300ET	TBA	2Y Note	16-Feb
22-Feb	1130ET	TBA	2Y Note FRN R/O	16-Feb
22-Feb	1300ET	TBA	5Y Note	16-Feb
23-Feb	1300ET	TBA	7Y Note	16-Feb
7-Mar	1300ET	TBA	3Y Note	2-Mar
8-Mar	1300ET	TBA	10Y Note R/O	2-Mar
9-Mar	1300ET	TBA	30Y Bond R/O	2-Mar
21-Mar	1300ET	TBA	20Y Bond R/O	16-Mar
23-Mar	1300ET	TBA	10Y TIPS R/O	16-Mar
27-Mar	1300ET	TBA	2Y Note	23-Mar
28-Mar	1300ET	TBA	5Y Note	23-Mar
29-Mar	1130ET	TBA	2Y Note FRN R/O	23-Mar
29-Mar	1300ET	TBA	7Y Note	23-Mar
11-Apr	1300ET	TBA	3Y Note	6-Apr
12-Apr	1300ET	TBA	10Y Note R/O	6-Apr
13-Apr	1300ET	TBA	30Y Bond R/O	6-Apr
19-Apr	1300ET	TBA	20Y Bond R/O	13-Apr
20-Apr	1300ET	TBA	5Y TIPS	13-Apr
25-Apr	1300ET	TBA	2Y Note	20-Apr
26-Apr	1130ET	TBA	2Y Note FRN	20-Apr
26-Apr	1300ET	TBA	5Y Note	20-Apr
27-Apr	1300ET	TBA	7Y Note	20-Apr