05/05 $Benchmark General Motors 3Y +155, 5Y +170, 10Y +195
05/05 $Benchmark ADP 7Y +63
GLOBAL: Reports Suggest Israel Conducts Strikes in Yemen in Coordination with US
May-05 17:08
Newswires picking up on the following: “AXIOS, CITING SENIOR U.S. OFFICIAL: ISRAELI ATTACK IN YEMEN CARRIED OUT IN COORDINATION WITH U.S.” (Reuters)
Appears to be stemming from Axios’ Barak Ravid on social media (translated):
“Israeli air force conducts strikes in Yemen in retaliation for Houthi ballistic missile attack on Ben Gurion airport on Sunday, Israeli official says”
“Israeli official: The attack was solely Israeli in coordination with the US. The targets were the port of Hodeidah and a significant factory used by the Houthis.”
US TSYS/SUPPLY: Review 3Y Auction: Small Stop
May-05 17:04
Still weaker, Treasury futures pare losses slightly after $58B 3Y note auction (91282CND9) stops through, drawing 3.824% high yield vs. 3.826% WI; 2.56x bid-to-cover vs. 2.47x prior.
Peripheral stats see indirect take-up retreats to 62.37% vs. 73.03% prior; direct bidder take-up rises to 23.71% from 6.24% prior; primary dealer take-up 13.92% vs. 20.73% prior.
The next 3Y auction is tentatively scheduled for June 10.