Strong U.S. 20-year Treasury Bond Auction with High Yield of 2.210%

The US Treasury 20-Year Bond Sale performed much better than expected, garnering an A- rating across the Fixed Interest desk with strong demand from the international market. The tail was -1.5 basis points with WI level at time of the auction 2.225% and the high yield of 2.210% at the auction. Ahead of the auction U.S. Treasuries yields were higher across the curve (bearish). The 2-yr yield was up three basis points to 0.65%, 10-yr yield up three basis points … Continue reading “Strong U.S. 20-year Treasury Bond Auction with High Yield of 2.210%”

Key Treasury Bond Auctions Along Yield Curve Next Week with Newly Hawkish Fed

Following the turmoil in the market this week following the Federal Reserve System Chairman Jerome Powell took a decidedly hawkish tone today at last month’s FOMC and the release of Minutes yesterday which sent US stock markets sharply lower. In the Treasury market the 2-yr yield, which tracks expectations for the fed funds rate, rose seven basis points to 0.83%. The 10-yr yield settled the session four basis points higher at 1.71%, with growing expectations for a run-up to 2.00%. … Continue reading “Key Treasury Bond Auctions Along Yield Curve Next Week with Newly Hawkish Fed”

Strong U.S. 20-year Treasury Bond Auction with High Yield of 1.942%

The US Treasury 20-Year Bond Sale performed much better than expected, garnering a A rating across the Fixed Interest desk. The tail was -2.3 basis points with WI level at time of the auction 1.965% and the high yield of 1.942% at the auction. Ahead of the auction U.S. Treasuries yields were higher across the curve (bearish). The 2-yr yield was up three basis points to 0.65%, 10-yr yield up three basis points to 1.45%. 30-yr yields up 6.5 bps. … Continue reading “Strong U.S. 20-year Treasury Bond Auction with High Yield of 1.942%”

Poor U.S. 30-year Treasury Long Bond Auction With Large 3.2 basis points Tail

The US Treasury 30-Year Bond Sale performed worse than expected, garnering a D- rating across the Fixed Interest desk. The tail was 3.2 basis points with WI level at time of the auction 1.863% and the high yield of 1.895% at the auction. The last auction came in at a high yield of 1.94% with a huge tail of 5.2 basis points. Follows a C- 10 year auction yesterday. Heading into the auction the current 30 year bond traded at … Continue reading “Poor U.S. 30-year Treasury Long Bond Auction With Large 3.2 basis points Tail”

U.S. 10-year Treasury Bond Auction With High Yield of 1.518% With 0.4 BPs Tail

The US Treasury 20-Year Bond Sale performed worse than expected, garnering a C- rating across the Fixed Interest desk. The tail was 0.4 basis points with WI level at time of the auction 1.514% and the high yield of 1.518% at the auction. Heading into the auction US yields were higher with the current 10 year trading up at 1.52% or up 4.1 basis points Auction Highlights Duration: 10 Years Amount:  $36 billion High yield 1.518% (prev 1.444%) WI level … Continue reading “U.S. 10-year Treasury Bond Auction With High Yield of 1.518% With 0.4 BPs Tail”

Key Treasury Bond Auctions Along Yield Curve Next Week To Test Investor Resolve

Following the turmoil in the market this week and last from the new B.1.1.529 variant now known as Omicron has scientists concerned for two primary reasons. Federal Reserve System Chairman Jerome Powell took a decidedly hawkish tone today which sent US stock markets lower. Fed Chair Powell said it’s a good time to retire the word “transitory” and suggests its appropriate to taper more quickly. The U.S. Treasury has announced that next week they will auction $54 billion three year notes $36 … Continue reading “Key Treasury Bond Auctions Along Yield Curve Next Week To Test Investor Resolve”

Weak U.S. 20-year Treasury Bond Auction with High Yield of 2.065%

The US Treasury 20-Year Bond Sale performed much worse than expected, garnering a D- rating across the Fixed Interest desk. The tail was +1.4 basis points with WI level at time of the auction 1.965% and the high yield of 2.065% at the auction. Heading into the auction the ahead of the auction U.S. Treasuries yields were higher across the curve (bearish). Auction Highlights Duration: 20 Years Amount:  $20 billion High yield 2.065% WI level at time of auction (2.051%) … Continue reading “Weak U.S. 20-year Treasury Bond Auction with High Yield of 2.065%”