US Treasury Auction Calendar

Apr-10 17:16By: Bill Sokolis
US

Review 10Y Auction Re-Open: Weak, Largest Tail Since Dec'22

Treasury futures extend session lows even further (TYM4 108-07, 10Y yield 4.5598% high) after the $39B 10Y re-open sale (91282CJZ5) tailed 3.3bp (largest since Dec'22): 4.560% high yield vs. 4.527% WI; 2.51x bid-to-cover falls to 2.34 vs. 2.51x prior.

  • Indirect take-up lowest since Oct'23 at 61.81% vs. 64.28% prior; direct bidder take-up 14.24% from 18.65% prior; primary dealer take-up highest since Nov'22 at 23.96% vs. 17.06%.
  • The next 10Y auction is tentatively scheduled for May 8.
Date Time Amt Security Cusip, Yield
10-Apr 1130ET $60B 17W Bill (912797KX4), 5.23%
10-Apr 1300ET $39B 10Y Note R/O (91282CJZ5), 4.560% vs. 4.527% WI
11-Apr 1130ET $70B 4W Bill (912797JW8)
11-Apr 1130ET $75B

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