US Treasury Auction Calendar

Treasury futures pare gains (TYM4 109-20, +11.5) after weak $58B 3Y note auction (91282CKJ9) tails: 4.548% high yield vs. 4.527% WI (largest tail since February 2023); 2.50x bid-to-cover vs. 2.60x prior month.

• Indirect take-up falls to 60.26% (lowest since December) vs. 70.05% prior; direct bidder take-up climbs to 20.43% vs. 15.56% prior; primary dealer take-up 19.31% (highest since December) vs. 14.40%.
• The next 3Y auction is tentatively scheduled for May 7.

Date	Time	Amt	Security	Cusip, Yield
9-Apr	1130ET	$65B	42D Bill CMB	(912797HR1), 5.275%
9-Apr	1300ET	$58B	3Y Note	(91282CKJ9), 4.548% vs. 4.527% WI
10-Apr	1130ET	TBA	17W Bill	(912797KX4)
10-Apr	1300ET	$39B	10Y Note R/O	(91282CJZ5)
11-Apr	1130ET	TBA	4W Bill	(912797JW8)
11-Apr	1130ET	TBA	8W Bill	(912797KE6)
11-Apr	1300ET	$22B	30Y Bond R/O	(912810TX6)
15-Apr	1130ET	TBA	13W Bill	(912797JS7)
15-Apr	1130ET	TBA	26W Bill	(912797KU0)
16-Apr	1130ET	TBA	52W Bill	(912797KS5)
17-Apr	1300ET	TBA	20Y Bond R/O	(912810TZ1)
18-Apr	1300ET	TBA	5Y TIPS	(91282CKL4)
23-Apr	1300ET	TBA	2Y Note	18-Apr
24-Apr	1130ET	TBA	2Y Note FRN	18-Apr
24-Apr	1300ET	TBA	5Y Note	18-Apr
25-Apr	1300ET	TBA	7Y Note	18-Apr
7-May	1300ET	TBA	3Y Note	1-May
8-May	1300ET	TBA	10Y Note	1-May
9-May	1300ET	TBA	30Y Bond	1-May
22-May	1300ET	TBA	20Y Bond	16-May
23-May	1300ET	TBA	10Y TIPS R/O	16-May
28-May	1130ET	TBA	2Y Note	23-May
28-May	1300ET	TBA	5Y Note	23-May
29-May	1130EY	TBA	2Y FRN R/O	23-May
29-May	1300ET	TBA	7Y Note	23-May
10-Jun	1300ET	TBA	3Y Note	6-Jun
11-Jun	1300ET	TBA	10Y Note R/O	6-Jun
13-Jun	1300ET	TBA	30Y Bond R/O	6-Jun
18-Jun	1300ET	TBA	5Y TIPS R/O	13-Jun
20-Jun	1300ET	TBA	20Y Bond R/O	13-Jun
25-Jun	1300ET	TBA	2Y Note	20-Jun
26-Jun	1130ET	TBA	2Y FRN R/O	20-Jun
26-Jun	1300ET	TBA	5Y Note	20-Jun
27-Jun	1300ET	TBA	7Y Note	20-Jun
9-Jul	1300ET	TBA	3Y Note	3-Jul
10-Jul	1300ET	TBA	10Y Note R/O	3-Jul
11-Jul	1300ET	TBA	30Y Bond R/O	3-Jul
17-Jul	1300ET	TBA	20Y Bond R/O	11-Jul
18-Jul	1300ET	TBA	10Y TIPS	11-Jul
23-Jul	1300ET	TBA	2Y Note	18-Jul
24-Jul	1130ET	TBA	2Y Note FRN	18-Jul
24-Jul	1300ET	TBA	5Y Note	18-Jul
25-Jul	1300ET	TBA	7Y Note	18-Jul