US Treasury Auction Calendar
May-23 10:36By: Bill Sokolis
US
Review 20Y Bond Auction: On the Screws
Little react in Tsy futures to in-line 20Y sale: TYM3 109-04.5, after $16B 20Y bond auction (912810UB2) came out on the screws: 4.635% high yield vs. 4.636% WI; 2.51x bid-to-cover lowest since February vs. prior month's 2.82x.
- Indirect take-up the lowest since Feb'24 at 70.76% vs. 74.71% last month; direct bidder take-up 19.81% vs. 16.21% prior; primary dealer take-up the highest since Feb'24 at 10.06% vs. 9.09% prior.
- The next 20Y auction (re-open) is tentatively scheduled for June 20.
| 22-May | 1130ET | $60B | 17W Bill | (912797LJ4), 5.235% |
| 22-May | 1300ET | $16B | 20Y Bond | (912810UB2), 4.635% VS. 4.636% WI |
| 23-May | 1300ET | $80B | 4W Bill | (912797KG1) |
| 23-May | 1300ET | $80B | 8W Bill | (912797KQ9) |
| 23-May | 1300ET | $16B | 10Y TIPS R/O | (91282CJY8) |
| 28-May | 1130ET | TBA | 13W Bill | (912797KD8) |
| 28-May | 1130ET | TBA | 26W Bill | (912797HP5) |
| 28-May | 1130ET | TBA | 42D CMB | (912797GB7) |
| 28-May | 1300ET | $69B | 2Y Note | (91282CKS9) |
| 28-May | 1300ET | $70B | 5Y Note | (91282CKT7) |
| 29-May | 1130ET | TBA | 17W Bill | 23-May |
| 29-May | 1130EY | TBA | 2Y FRN R/O | (91282CKM2) |
| 29-May | 1300ET | $44B | 7Y Note | (91282CKU4) |
| 10-Jun | 1300ET | $58B | 3Y Note | 6-Jun |
| 11-Jun | 1300ET | $39B | 10Y Note R/O | 6-Jun |
| 13-Jun | 1300ET | $22B | 30Y Bond R/O | 6-Jun |
| 18-Jun | 1300ET | $21B | 5Y TIPS R/O | 13-Jun |
| 20-Jun | 1300ET | $13B | 20Y Bond R/O | 13-Jun |
| 25-Jun | 1300ET | $69B | 2Y Note | 20-Jun |
| 26-Jun | 1130ET | TBA | 2Y FRN R/O | 20-Jun |
| 26-Jun | 1300ET | $70B | 5Y Note | 20-Jun |
| 27-Jun | 1300ET | $44B | 7Y Note | 20-Jun |
| 9-Jul | 1300ET | $58B | 3Y Note | 3-Jul |
| 10-Jul | 1300ET | $39B | 10Y Note R/O | 3-Jul |
| 11-Jul | 1300ET | $22B | 30Y Bond R/O | 3-Jul |
| 17-Jul | 1300ET | $13B | 20Y Bond R/O | 11-Jul |
| 18-Jul | 1300ET | $19B | 10Y TIPS | 11-Jul |
| 23-Jul | 1300ET | $69B | 2Y Note | 18-Jul |
| 24-Jul | 1130ET | TBA | 2Y Note FRN | 18-Jul |
| 24-Jul | 1300ET | $70B | 5Y Note | 18-Jul |
| 25-Jul | 1300ET | $44B | 7Y Note | 18-Jul |
