The U.S. Treasury has announced a series of auctions for various bills and notes. On June 10th, the Treasury will sell $70 billion in 3-month bills, $70 billion in 26-week bills, $70 billion in 13-week bills, and $46 billion in 52-week bills, all set to settle on June 13th. Additionally, $39 billion in reopened 10-year notes and $22 billion in reopened 30-year bonds will be auctioned on June 11th and June 13th, respectively, with settlements on June 17th. The 4-week bill auction saw a high rate of 5.270% and a bid-to-cover ratio of 2.81, with $70 billion sold. The 3-month bill auction had a high rate of 5.250% and a bid-to-cover ratio of 2.75, selling $71 billion. The 6-month bill auction recorded a high rate of 5.165% and a bid-to-cover ratio of 3.09, also selling $71 billion. In the 3-year note auction, the high yield was 4.659%, with a bid-to-cover ratio of 2.43, selling $58 billion.
The Treasury sale of $58 billion 3 Year Notes was weak. The yield at 4.659% was more than a full basis point higher than the market at the bidding deadline
⚠️ U.S. TREASURY THREE-YEAR YIELDS MOVE HIGHER AFTER $58 BLN NOTE AUCTION, LAST UP 2.5 BPS AT 4.682%
🇺🇸 United States 3-Year Note Auction $USD Actual: 4.659% Previous: 4.605%
⚠️ U.S. SELLS $58 BLN 3-YEAR NOTES AT HIGH YIELD 4.659%, AWARDS 53.41% OF BIDS AT HIGH **U.S. 3-YEAR NOTES BID-TO-COVER RATIO 2.43, NON-COMP BIDS $203.49 MLN **PRIMARY DEALERS TAKE 19.96% OF U.S. 3-YEAR NOTES SALE, DIRECT 15.9% AND INDIRECT 64.14% ** PRIMARY DEALER ACCEPTED…
US 3-YEAR NOTE AUCTION BID-TO-COVER RATIO 2.43 HIGH YIELD 4.659% VS 4.648% PRE-SALE SELLS $58 BLN AWARDS 53.41% OF BIDS AT HIGH PRIMARY DEALERS TAKE 19.96% DIRECT 15.9% INDIRECT 64.14%
U.S. Treasury sells 3 year notes at a yield of 4.659% https://t.co/mQeFgYNyHz
3Y high yield 4.659%, WI 4.648%, tail 1.1bps
*US 3Y NOTES DRAW 4.659% VS 4.648% PRE-SALE WHEN-ISSUED YIELD #Bonds $SHY
US SELLS $58 BLN 3-YEAR NOTES AT HIGH YIELD 4.659%, AWARDS 53.41% OF BIDS AT HIGH PRIMARY DEALERS TAKE 19.96% OF US 3-YEAR NOTES SALE, DIRECT 15.9% AND INDIRECT 64.14% US 3-YEAR NOTES: BID-TO-COVER 2.43
US 3-Year Note Sale: - High Yield Rate: 4.659% (prev 4.605%) - Bid-Cover Ratio: 2.43 (prev 2.63) - Direct Accepted: 15.9% (prev 19.6%) - Indirect Accepted: 64.1% (prev 65.5%) - WI: 4.648%
US 3-YEAR NOTE BID-TO-COVER ACTUAL 2.430 (FORECAST -, PREVIOUS 2.630) $MACRO
US 3-YEAR NOTE HIGH YIELD ACTUAL 4.659% (FORECAST -, PREVIOUS 4.605%) $MACRO
TREASURY WI 3Y YIELD 4.648% BEFORE $58B BILLION AUCTION.
$58B 3-Year Note Auction 1pm ET Last 6 Averages: Bid-to-Cover 2.57 Indirects 63.2% (May: 2.63 & 65.5%) Note from CME "Rates Recap" on 3yr futures volume and OI - "As uncertainty builds for the Fed's path ahead, participants have found a liquid market in 3-Year Treasury Note… https://t.co/F6VntsUcc7 https://t.co/Kb45W1Ui6p
⚠️ NON-COMPS ACCEPTED FOR U.S. 3-YEAR NOTES $203.5 MLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 3-YEAR NOTES TOTAL $353.5 MLN; COMPETITIVE REMAINING $57.6 BLN ** FED BIDS FOR 3-YEAR NOTES TOTAL $1.9 BLN
FED BIDS FOR 3-YEAR NOTES TOTAL $1.9 BLN.
US 6-MONTH BILL AUCTION BID-TO-COVER RATIO 3.09 HIGH RATE 5.165% SELLS $71 BLN AWARDS 23.31% OF BIDS AT HIGH
US 3-MONTH BILL AUCTION HIGH RATE 5.250% BID-TO-COVER RATIO 2.75 US SELLS $71 BLN AWARDS 84.48% OF BIDS AT HIGH
🇺🇸 United States 6-Month Bill Auction $USD Actual: 5.165% Previous: 5.155%
🇺🇸 United States 3-Month Bill Auction $USD Actual: 5.250% Previous: 5.250%
US 6-MONTH BILL BID-TO-COVER ACTUAL 3.090 (FORECAST -, PREVIOUS 2.950) $MACRO
US 3-MONTH BILL BID-TO-COVER ACTUAL 2.750 (FORECAST -, PREVIOUS 2.740) $MACRO
US 3-MONTH BILL HIGH YIELD ACTUAL 5.250% (FORECAST -, PREVIOUS 5.250%) $MACRO
US 6-MONTH BILL HIGH YIELD ACTUAL 5.165% (FORECAST -, PREVIOUS 5.155%) $MACRO
⚠️ NON-COMPS ACCEPTED FOR U.S. 3-MONTH BILLS $2.5 BLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 3-MONTH BILLS TOTAL $2.5 BLN; COMPETITIVE REMAINING $67.5 BLN **FED BIDS FOR 3-MONTH BILLS TOTAL $1.5 BLN
⚠️ NON-COMPS ACCEPTED FOR U.S. 6-MONTH BILLS $2.1 BLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 6-MONTH BILLS TOTAL $2.1 BLN; COMPETITIVE REMAINING $67.9 BLN **FED BIDS FOR 6-MONTH BILLS TOTAL $1.5 BLN
FED BIDS FOR 3-MONTH BILLS TOTAL $1.5 BLN.
FED BIDS FOR 6-MONTH BILLS TOTAL $1.5 BLN.
The Treasury plans to sell $58 billion 3 Year Notes today; the auction results will be announced just after noon CDT
⚠️ U.S. SELLS $70 BLN 4-WEEK BILLS AT HIGH RATE 5.270%, AWARDS 81.39% OF BIDS AT HIGH **U.S. 4-WEEK BILL BID-TO-COVER RATIO 2.81
⚠️ U.S. SELLS $70 BLN 8-WEEK BILLS AT HIGH RATE 5.265%, AWARDS 99.29% OF BIDS AT HIGH **U.S. 8-WEEK BILL BID-TO-COVER RATIO 3.23
US 4-WEEK BILL AUCTION BID-TO-COVER RATIO 2.81 HIGH RATE 5.270% SELLS $70 BLN AWARDS 81.39% OF BIDS AT HIGH
🇺🇸 United States 4-Week Bill Auction $USD Actual: 5.270% Previous: 5.270%
US 4-WEEK BILL HIGH YIELD ACTUAL 5.27% (FORECAST -, PREVIOUS 5.270%) $MACRO
US 4-WEEK BILL BID-TO-COVER ACTUAL 2.81 (FORECAST -, PREVIOUS 2.830) $MACRO
⚠️ NON-COMPS ACCEPTED FOR U.S. 8-WEEK BILLS $1.8 BLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 8-WEEK BILLS TOTAL $2.0 BLN; COMPETITIVE REMAINING $68.0 BLN **FED BIDS FOR 8-WEEK BILLS TOTAL $285.6 MLN
FED BIDS FOR 4-WEEK BILLS TOTAL $285.6 MLN.
⚠️ U.S. TO SELL $70 BLN 26-WEEK BILLS ON JUNE 10, TO SETTLE ON JUNE 13 **U.S. TO SELL $39 BLN REOPENED 9-YEAR 11-MONTH NOTES ON JUNE 11, TO SETTLE ON JUNE 17 **U.S. TO SELL $70 BLN 13-WEEK BILLS ON JUNE 10, TO SETTLE ON JUNE 13 **U.S. TO SELL $46 BLN 52-WEEK BILLS ON JUNE 11,…
US TO SELL $70 BLN 3-MONTH BILLS ON JUNE 10TH, TO SETTLE ON JUNE 13TH.
US TO SELL $70 BLN 26-WEEK BILLS ON JUNE 10, TO SETTLE ON JUNE 13.
US TO SELL $46 BLN 52-WEEK BILLS ON JUNE 11TH, TO SETTLE ON JUNE 13TH.
US TO SELL $39 BLN REOPENED 10-YEAR NOTES ON JUNE 11TH, TO SETTLE ON JUNE 17TH.
US TO SELL $22 BLN REOPENED 30-YEAR BONDS ON JUNE 13TH, TO SETTLE ON JUNE 17TH.