US Treasury Auction Calendar

Already trading weaker, Treasury futures dip slightly after the $16B 10Y TIPS auction tailed 2.3bp with high yield of 2.184% vs. 2.161% WI, bid-to-cover 2.33x vs. 2.35x prior.

• Indirect take-up at 69.82% vs. 72.0% prior; direct bidder take-up 16.14% vs. 16.0% prior; primary dealer take-up at 14.04% vs. 12.0% prior. The next 10Y TIPS auction (re-open) is tentatively scheduled for June 11.

Date	Time	Amt	Security	Cusip, Yield
23-May	1300ET	$80B	4W Bill	(912797KG1), 5.270%
23-May	1300ET	$80B	8W Bill	(912797KQ9), 5.275%
23-May	1300ET	$16B	10Y TIPS R/O	(91282CJY8), 2.184% vs. 2.161% WI
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