The U.S. Treasury's recent bond auctions have shown varied investor interest, with a notable difference in demand for 10-year and 30-year bonds. The Treasury sold $39 billion in 10-year notes, which saw a yield increase to 4.164% from the previous 4.093%, and a bid-to-cover ratio of 2.51, slightly down from 2.56. This auction was described as lackluster, with a yield rise seen as extending the post-CPI climb, indicating a tepid response from investors. In contrast, the subsequent auction of $22 billion in 30-year bonds was met with stronger demand, achieving a high yield rate of 4.331%, lower than the pre-sale when issued yield of 4.352%. The bid-to-cover ratio for this auction was 2.47, indicating a healthier appetite among investors for longer-dated U.S. bonds. This shift in investor sentiment towards the 30-year bond auction suggests a nuanced view on long-term U.S. sovereign debt amidst ongoing inflation concerns.
#TreasuriesToday: Yields narrowly mixed after touching highest levels in more than a week (2Y highest since Feb. 29). Stock futures green & oil back above $80. Next week's auction sizes 11am: $13b 20Y Tues (FOMC has Weds), $16b 10Y TIPS Thurs (both 1st reopenings) projected.
(Late) but The Treasury sale of $22 billion 30 Year Bonds was quite good. The yield at 4.331% is slightly more than two basis points lower in yield than the market at the bidding
Quite the reversal of yesterday's lackluster 10-year bond auction. Today, demand for longer-dated US bonds was strong with respect to $22 billion auction of 30 year treasuries. -Draw 4.331% vs 4.352% pre-sale when issued yield -Bid to cover 2.47 https://t.co/Smx27KLXot
Quite the reverse of yesterday's lackluster 10 year bond auction, as demand for longer-dated US bonds was strong today in $22 billion auction of 30 year treasuries. -Draw 4.331% vs 4.352% pre-sale when issued yield -Bid to cover 2.47 https://t.co/IVyavHhXy2
Bond reprieve after strong $22bn 30-year auction: 2.2 bps stop thru 2.47x bid-to-cover (avg 2.43x) Dealers 13.9% (avg 13.7%) stats via BMO https://t.co/8g5eW4GyAL https://t.co/JkpwW63Adn
πΊπΈ United States 30-Year Bond Auction $USD Actual: 4.331% Previous: 4.360%
30Y high yield 4.331%, WI 4.352%, stop through 2.1bps; 4th consecutive stop through
US 30-Year Bond Sale: - High Yield Rate: 4.331% (prev 4.36%) - Bid-Cover Ratio: 2.47 (prev 2.40) - Direct Accepted: 16.8% (prev 14.5%) - Indirect Accepted: 69.3% (prev 70.7%) - WI: 4.352%
π΄ TREASURY WI 30Y YIELD 4.352% BEFORE $22 BILLION AUCTION.
The Treasury plans to sell $22 billion 30 Year Bonds today..results later The Ol' #30Y
#TreasuriesToday: Yields higher by 1bp-2bp & rising with curve flatter. Auction cycle concludes with $22b 30Y reopening (1st) at 1pm. WI yield 4.33% compares with 4.36% result of Feb new-issue auction. Tuesday's 10Y reopening drew 4.166% (0.9bp tail).
US 10-year auction demand lower, yields higher (Equity market does not care) -The US Treasury's 10-year auction hit a high yield of 4.166% on Tuesday, up from the 4.093% high in the previous auction. -The bid to cover ratio for the auction was 2.51, below the 2.56 ratio in theβ¦
$39 billion 10-year Treasury auction was meh: tailed 1.1 bps Dealers took 17.1% vs. a 15.9% average (per BMO) 2.51x bid-to-cover yields extend their post-CPI climb, 10y charting toward 4.2% https://t.co/Fsq8flHkA9
US 10-YEAR TREASURY YIELD RISES TO 4.164% AFTER AUCTION ..and there you go
US 10-YEAR TREASURY YIELD RISES TO 4.164% AFTER AUCTION
US 10-Year Bond Sale: - High Yield Rate: 4.166% (prev 4.093%) - Bid-Cover Ratio: 2.51 (prev 2.56) - Direct Accepted: 18.6% (prev 16.1%) - Indirect Accepted: 64.3% (prev 71.0%) - WI: 4.157%
π΄ TREASURY WI 10Y YIELD 4.157% BEFORE $39 BILLION AUCTION.
π΄ FED BIDS FOR 10-YEAR NOTES TOTAL $0.0.
The 10-year note auction this afternoon at 1pm will be an interesting litmus test post-CPI to see what sort of appetite exists for US sovereign duration as we see some signs of inflation remaining sticky
The Treasury plans to sell $39 billion 10 Year Notes today. Update around noon. #10Y 4.089%