US TSYS/SUPPLY: Review 20Y Bond Re-Open: Tsys Off Lows
- Tsy futures moving off lows after $12B 20Y bond auction (912810TQ1) reopen: 3.920% high yield vs. 3.917% WI; 2.66x bid-to-cover vs. prior month's 2.53x.
- Indirect take-up 68.72% vs. 67.03% prior month; direct bidder take-up 19.24% vs. 21.06% prior; primary dealer take-up 12.05% vs. 11.93%. The Next 20Y auction (re-open) is tentatively scheduled for May 17.
| Date | Time | Amt | Security | CUSIP, Yield |
| 19-Apr | 1130ET | $36B | 17W Bill | (912797GH4) 5.06% |
| 19-Apr | 1300ET | $12B | 20Y Bond R/O | (912710TQ1), 3.920% vs. 3.917% WI |
| 20-Apr | 1300ET | $21B | 5Y TIPS | (91282CGW5) |
| | | | |
| 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 |
| | | | |
| 9-May | 1300ET | TBA | 3Y Note | 3-May |
| 10-May | 1300ET | TBA | 10Y Note | 3-May |
| 11-May | 1300ET | TBA | 30Y Bond | 3-May |
| | | | |
| 17-May | 1300ET | TBA | 20Y Bond | 11-May |
| 18-May | 1300ET | TBA | 10Y TIPS R/O | 11-May |
| | | | |
| 23-May | 1300ET | TBA | 2Y Note | 18-May |
| 24-May | 1300ET | TBA | 2Y FRN Note R/O | 18-May |
| 24-May | 1300ET | TBA | 5Y Note | 18-May |
| 25-May | 1300ET | TBA | 7Y Note | 18-May |
| | | | |
| 12-Jun | 1130ET | TBA | 3Y Note | 8-Jun |
| 12-Jun | 1300ET | TBA | 10Y Note R/O | 8-Jun |
| 13-Jun | 1300ET | TBA | 30Y Bond R/O | 8-Jun |
| | | | |
| 21-Jun | 1300ET | TBA | 20Y Bond R/O | 15-Jun |
| 22-Jun | 1300ET | TBA | 5Y TIPS R/O | 15-Jun |
| | | | |
| 26-Jun | 1300ET | TBA | 2Y Note | 22-Jun |
| 27-Jun | 1300ET | TBA | 5Y Note | 22-Jun |
| 28-Jun | 1130ET | TBA | 2Y FRN R/O | 22-Jun |
| 28-Jun | 1300ET | TBA | 7Y Note | 22-Jun |
| | | | |
| 11-Jul | 1300ET | TBA | 3Y Note | 6-Jul |
| 12-Jul | 1300ET | TBA | 10Y Note R/O | 6-Jul |
| 13-Jul | 1300ET | TBA | 30Y Bond R/O | 6-Jul |
| | | | |
| 19-Jul | 1300ET | TBA | 20Y Bond R/O | 13-Jul |
| 20-Jul | 1300ET | TBA | 10Y TIPS | 13-Jul |
| | | | |
| 24-Jul | 1300ET | TBA | 2Y Note | 20-Jul |
| 25-Jul | 1300ET | TBA | 5Y Note | 20-Jul |
| 26-Jul | 1300ET | TBA | 2Y FRN | 20-Jul |
| 27-Jul | 1300ET | TBA | 7Y Note | 20-Jul |