The Federal Reserve bids for $1.4 billion in 3-month bills and $1.4 billion in 6-month bills. The US auctions $71 billion in 6-month bills with a bid-to-cover ratio of 3.16 and a high rate of 5.140%. The auction awards 37.70% of bids at the high rate. Additionally, the US sells $71 billion in 3-month bills with a high rate of 5.235% and a bid-to-cover ratio of 2.85, awarding 13.88% of bids at the high rate. The 2-year notes auction sees a total bid of $2.4 billion, with a high yield of 4.706%.
US 7-YEAR NOTE AUCTION BID-TO-COVER RATIO 2.58 HIGH YIELD 4.276% VS 4.279% PRE-SALE WI SELLS $44 BLN AWARDS 87.68% OF BIDS AT HIGH PRIMARY DEALERS TAKE 11.87% DIRECT 18.48% INDIRECT 69.65%
US 7-YEAR NOTE AUCTION
US 7-Year Note Sale - High Yield Rate: 4.276% (prev 4.650%) - Bid-Cover Ratio: 2.580 (prev 2.43) - Direct Accepted: 18.5% (prev 16.1%) - Indirect Accepted: 69.7% (prev 66.9%) - WI: 4.279% (prev 4.637%)
US 7-YEAR BID-TO-COVER ACTUAL 2.580 (FORECAST -, PREVIOUS 2.430) $MACRO
US 7-YEAR HIGH YIELD ACTUAL 4.276% (FORECAST -, PREVIOUS 4.650%) $MACRO
US sells 7-year notes at 4.276% vs 4.279% WI https://t.co/IeEBiV37Vc
TREASURY WI 7Y YIELD 4.279% BEFORE $44 BILLION AUCTION.
$44B US Treasury 7-Year Note Auction 1pm ET Last 6 Averages: Bid-to-Cover 2.53 Indirects 67.3% (May: 2.43 & 66.9%)
FED BIDS FOR 7-YEAR NOTES TOTAL $1.5 BLN.
US 4-WEEK BILL HIGH YIELD ACTUAL 5.27% (FORECAST -, PREVIOUS 5.230%) $MACRO
US 4-WEEK BILL BID-TO-COVER ACTUAL 2.55 (FORECAST -, PREVIOUS 2.930) $MACRO
$44B US Treasury 7-Year Note Auction tomorrow 1pm ET. Recent Bidder Activity: big May increase in Foreign & International bidders, largest % award since Feb '22 (23%). https://t.co/tv7O2ya3ec
US Treasury sells $70B 5-year notes at lower-than-expected yield on rising demand https://t.co/R9M4lBJXwF https://t.co/W34eoVHMpD
The Treasury sale of $70 billion 5 year Notes was right on the market. The yield at 4.331% was a slight fraction lower
⚠️ US FIVE-YEAR TREASURY YIELDS DECLINE AFTER $70 BLN AUCTION
⚠️ U.S. SELLS $70 BLN 5-YEAR NOTES AT HIGH YIELD 4.331%, AWARDS 5.63% OF BIDS AT HIGH **U.S. 5-YEAR NOTES BID-TO-COVER RATIO 2.35, NON-COMP BIDS $164.72 MLN **PRIMARY DEALERS TAKE 13.38% OF U.S. 5-YEAR NOTES SALE, DIRECT 17.7% AND INDIRECT 68.92% **PRIMARY DEALER ACCEPTED…
US 5-YEAR NOTE AUCTION BID-TO-COVER RATIO 2.35 HIGH YIELD 4.331% VS 4.335% PRESALE WI SELLS $70 BLN AWARDS 5.63% OF BIDS AT HIGH PRIMARY DEALERS TAKE 13.38% DIRECT 17.7% INDIRECT 68.92%
US 5-year notes sell at 4.331% https://t.co/7PeOKp9BaF
5-Year Treasury Auction Results Size: $70 billion Bid-to-cover: 2.35 vs 2.30 previous Dealer takedown: 13.38% vs 19.52% previous High Yield: 4.331%
US 5-YEAR NOTE BID-TO-COVER ACTUAL 2.350 (FORECAST -, PREVIOUS 2.300) $MACRO
US 5-YEAR NOTE HIGH YIELD ACTUAL 4.331% (FORECAST -, PREVIOUS 4.553%) $MACRO
#5Year Note sale results soon ...The current market for the when issued is 4.333/4.330%. $70 billion
⚠️ NON-COMPS ACCEPTED FOR U.S. 5-YEAR NOTES $164.7 MLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 5-YEAR NOTES TOTAL $264.7 MLN; COMPETITIVE REMAINING $69.7 BLN **FED BIDS FOR 5-YEAR NOTES TOTAL $2.4 BLN
FED BIDS FOR 5-YEAR NOTES TOTAL $2.4 BLN.
$70B US Treasury 5-Year Note Auction 1pm Last 6 Averages: Bid-to-Cover 2.39 Indirects 66.1% 5yr futures: -9.5/32nds on the day https://t.co/f5bKTjWR8j
#TreasuriesToday: Yields higher by 3bp-4bp inside past week's ranges. New 2Y 4.735% vs 4.706% auction stop. Supply cycle continues with $70b 5Y at 1pm. WI yield 4.315% is below last two auction results. Treasury buyback of up to $2b in 2Y-3Y range closes at 2pm.
$70B US Treasury 5-Year Note Auction tomorrow 1pm ET. Recent Bidder Activity: https://t.co/Ga8i7NT6mA
$69B UST 2-Year Notes 1pm ET Last 6 Averages: Bid-to-Cover 2.57 Indirects 63.7% (May: 2.41 & 57.9%)
The Treasury sale of $69 billion 2 Year Notes was pretty good. The yield at 4.706% was right on the market level at the bidding deadline.
⚠️ U.S. SELLS $69 BLN 2-YEAR NOTES AT HIGH YIELD 4.706%, AWARDS 53.94% OF BIDS AT HIGH **U.S. 2-YEAR NOTES BID-TO-COVER RATIO 2.75, NON-COMP BIDS $629.65 MLN ** PRIMARY DEALERS TAKE 13.48% OF U.S. 2-YEAR NOTES SALE, DIRECT 20.93% AND INDIRECT 65.58% **PRIMARY DEALER ACCEPTED…
🇺🇸 United States 2-Year Note Auction $USD Actual: 4.706% Previous: 4.917%
US 2-YEAR NOTE AUCTION BID-TO-COVER RATIO 2.75 HIGH YIELD 4.706% MATCHING PRESALE WI SELLS $69 BLN AWARDS 53.94% OF BIDS AT HIGH PRIMARY DEALERS TAKE 13.48% DIRECT 20.93% INDIRECT 65.58%
*US 2Y NOTES DRAW 4.706%, MATCHES PRE-SALE WHEN-ISSUED YIELD
US 2-YEAR NOTE BID-TO-COVER ACTUAL 2.750 (FORECAST -, PREVIOUS 2.410) $MACRO
US 2-Year Note Sale: - High Yield Rate: 4.706% (prev 4.917%) - Bid-Cover Ratio: 2.75 (prev 2.41) - Direct Accepted: 20.9% (prev 25.5%) - Indirect Accepted: 65.6% (prev 57.9%) - WI: 4.706%
US 2-YEAR NOTE HIGH YIELD ACTUAL 4.706% (FORECAST -, PREVIOUS 4.917%) $MACRO
US sells 2-year Treasury notes at 4.706% vs 4.706% WI https://t.co/nQB5kQ0H5T
TREASURY WI 2-YEAR YIELD 4.706% BEFORE $69 BILLION AUCTION.
⚠️ NON-COMPS ACCEPTED FOR U.S. 2-YEAR NOTES $629.6 MLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 2-YEAR NOTES TOTAL $929.6 MLN; COMPETITIVE REMAINING $68.1 BLN **FED BIDS FOR 2-YEAR NOTES TOTAL $2.4 BLN
FED BIDS FOR 2-YEAR NOTES TOTAL $2.4 BLN.
⚠️ U.S. SELLS $60 BLN 42-DAY CASH MANAGEMENT BILLS AT HIGH RATE 5.250%, AWARDS 33.32% OF BIDS AT HIGH ** U.S. 42-DAY CASH MANAGEMENT BILL BID-TO-COVER RATIO 2.87
⚠️ NON-COMPS ACCEPTED FOR U.S. 42-DAY CASH MANAGEMENT BILLS $234.3 MLN **TENTATIVE TENDER OF NON-COMPS, FIMA FOR 42-DAY CASH MANAGEMENT BILLS TOTAL $234.3 MLN; COMPETITIVE REMAINING $59.8 BLN **FED BIDS FOR 42-DAY CASH MANAGEMENT BILLS TOTAL $0.0 MLN
US REDBOOK YOY ACTUAL 5.3% (FORECAST -, PREVIOUS 5.9%) $MACRO
🇺🇸 United States 6-Month Bill Auction $USD Actual: 5.140% Previous: 5.150%
🇺🇸 United States 3-Month Bill Auction $USD Actual: 5.235% Previous: 5.250%
US 6-MONTH BILL AUCTION BID-TO-COVER RATIO 3.16 HIGH RATE 5.140% SELLS $71 BLN AWARDS 37.70% OF BIDS AT HIGH
US 3-MONTH BILL AUCTION HIGH RATE 5.235% BID-TO-COVER RATIO 2.85 US SELLS $71 BLN AWARDS 13.88% OF BIDS AT HIGH
US 6-MONTH BILL HIGH YIELD ACTUAL 5.140% (FORECAST -, PREVIOUS 5.150%) $MACRO
US 3-MONTH BILL BID-TO-COVER ACTUAL 2.85 (FORECAST -, PREVIOUS 2.930) $MACRO
US 3-MONTH BILL HIGH YIELD ACTUAL 5.235% (FORECAST -, PREVIOUS 5.250%) $MACRO
US 6-MONTH BILL BID-TO-COVER ACTUAL 3.160 (FORECAST -, PREVIOUS 2.820) $MACRO
⚠️ NON-COMPS ACCEPTED FOR U.S. 6-MONTH BILLS $2.0 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 $1.4 BLN
FED BIDS FOR 6-MONTH BILLS TOTAL $1.4 BLN.
FED BIDS FOR 3-MONTH BILLS TOTAL $1.4 BLN.