The US 30-year bond auction was successful, with $25 billion in 30-year bonds auctioned. The 10-year auction the previous day also performed well, with $45 billion auctioned. Despite concerns about the upcoming CPI report, bond traders showed caution. The bond yields have not seen significant movement despite the high supply of Treasury bonds this week. The auctions have drawn strong demand, and the next auction is for 20-year bonds on February 21.
#TreasuriesToday: Yields higher by 1bp-3bp led by front end, above key moving-average levels exceeded this week. 5Y touched YTD high (4.14%). All three of this week's auctions are under water (new 30Y only slightly) after drawing strong demand. Next is 20Y on Feb. 21.
We had another decent treasury bond auction with $25bn 30Y auction Yesterday's 10Y auction also did well, $45bn was one of the large 10Y auctions in some time Chatter is that bond traders are cautious ⚠️ ahead of CPI Tuesday (2/13) despite the 2 good auctions Bond yields also… https://t.co/Xp8x4jWzdg
Worries about "so much supply...." 30-yr Treasury bond auction "met with really good demand" https://t.co/fRy510rql0
We had another decent treasury bond auction with $25bn 30Y auction Yesterday's 10Y auction also did well, $45bn was one of the large 10Y auctions in some time Chatter is that bond traders are cautious ⚠️ ahead of CPI tmrw despite the 2 good auctions Bond yields also not super… https://t.co/wgDtm9V4lv
"Considering the magnitude of this week’s supply (Treasury refunding kick-off alongside a loaded Corp IG calendar), Bonds have been rather well-behaved, as exhibited through strong 3Y and 10Y auctions this week (indirect bid strong)" @Nomura #McE
🔴 US 30-YEAR BOND AUCTION