The US Treasury's 2-year auction hit a high yield of 4.189% on Tuesday, up from the 4.071% high in the previous auction.
The bid to cover ratio for the auction was 2.64, the same as in the previous auction.
Dealers represented 54.48% of the bids, with direct bidders at 15.66% and indirect bidders at 29.86%.
For takedown, dealers took 10.24%, with direct bidders at 34.31% and indirect bidders at 55.45%.
Singapore-based DBS Group Holdings' (SGX:D05) subsidiary DBS Bank is planning to sell a three-year US dollar benchmark covered bond, which has a maturity date of June 29, 2029, Reuters reported Monday, citing a term sheet.The bond is expected to be settled on June 29, 2026, the report said.The bonds will be offered at a spread of 42 basis points over secured overnight financing rate (SOFR) mid-swaps, backed by a pool of Singapore residential mortgage loans, and guaranteed by Bayfront covered bonds.The notes are expected to receive ratings of Aaa from Moody's and AAA from Fitch Ratings. Joint lead managers for the offering include BMO Capital Markets, HSBC (HKG:0005), RBC Capital Markets, Standard Chartered PLC (HKG:2888) subsidiary Standard Chartered Bank, and TD Securities.DBS Bank did not immediately reply to' request for comment.Shares of DBS Group Holdings rose nearly 1% in recent trade, while those of Standard Chartered PLC added over 1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Adaptive Biotechnologies (ADPT) said late Monday it has issued $345 million of 0% convertible senior notes due 2031, including the full exercise of an over-allotment option.Net proceeds were used among others for capped call transactions, share repurchase, and for the repayment of the OrbiMed purchase agreement, the company said in a filing.
3:00 Monday vs 3:00 Thursday2yr 99-18 vs 99-23; 4.234% vs 4.166%5yr 99-08 vs 99-18+; 4.288% vs 4.218%10yr 98-29+ vs 99-13+; 4.509% vs 4.445%30yr 100-25+ vs 101-18+; 4.946% vs 4.898%2/10 27.241 bps vs 27.719 bps5/30 65.701 bps vs 67.761 bps