HALISTER1: UST 2Y Sale May Be ‘Lackluster’ as Relatively Unattractive: TD

UST 2Y Sale May Be ‘Lackluster’ as Relatively Unattractive: TD

(Bloomberg) -- Treasury’s $26b 2Y auction Tues. should be “relatively lackluster” due to “relative unattractiveness” of 2Y on the curve and Yellen’s remarks due on Friday, TD strategist Gennadiy Goldberg said in note.
  • Past 2 auctions have seen “softer results” due to lower buy-side participation
  • Averages suggest 0.1bp stop, 62% buy-side award (46% indirects, 16% directs)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Gennadiy Goldberg (TD Securities USA LLC)

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